660C Nature of charge on settlor.U.K.
(1)Tax chargeable by virtue of this Chapter shall be charged under Case VI of Schedule D.
(2)In computing the liability to income tax of a settlor chargeable by virtue of this Chapter the same deductions and reliefs shall be allowed as would have been allowed if the income treated as his by virtue of this Chapter had been received by him.
(3)Subject to section 833(3), income which is treated by virtue of this Chapter as income of a settlor shall be deemed for the purposes of this section to be the highest part of his income.