Income Tax (Trading and Other Income) Act 2005 (c. 5)

Part 4 U.K. Savings and investment income

Chapter 10 U.K. Distributions from unauthorised unit trusts

[F1 550 Income tax treated as paid U.K.

In accordance with section 848 of ITA 2007, a sum representing income tax treated as deducted from income within this Chapter as a result of section 941 of that Act (deemed deduction from unit holder's income) is[F2 , subject to section 943A of that Act (treatment of cases involving double tax relief),] treated as income tax paid by the unit holder.]

Textual Amendments

F1 S. 550 substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 542 (with transitional provisions and savings in Sch. 2)

F2 Words in s. 550 inserted (8.4.2010) (with effect in accordance with Sch. 13 para. 3 to the amending Act) by Finance Act 2010 (c. 13), Sch. 13 para. 2(1)