C2PART XV SETTLEMENTS
F27C1CHAPTER 1C LIABILITY OF TRUSTEES
Pt. 15 Ch. 1C heading substituted for heading before s. 686 (with effect in accordance with s. 74(2) of the amending Act) by Finance Act 1995 (c. 4), Sch. 17 para. 12
Pt. 15 Ch. 1C modified (6.4.2005 with effect in accordance with s. 883(1) of the modifying Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 457(1)(3) (with Sch. 2)
F20. . .
Cross-heading before s. 686 replaced by Pt. 15 Ch. 1C heading (with effect in accordance with s. 74(2) of the amending Act) by Finance Act 1995 (c. 4), Sch. 17 para. 12
685AF21Meaning of “settled property”
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
685BMeaning of “settlor”
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
685CTransfer between settlements: identification of settlor
F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
685DVariation of will or intestacy, etc: identification of settlor
F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
685ETrustees of settlements
F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
685FApplication of section 739 and 740
F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
685GSub-funds
F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
686F8Accumulation and discretionary trusts: special rates of tax.
F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
686AF22 Receipts to be treated as income to which section 686 applies
F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
686BF23Share incentive plans: distributions in respect of unappropriated shares
F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
686CInterpretation of section 686B
F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
686DF24Special trust rates not to apply to first slice of trust income
F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
686EF25Application of section 686D where settlor has made more than one settlement
F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
687 Payments under discretionary trusts.
F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
687AF26F16Discretionary payments by trustees to companies.
F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
688 Schemes for employees and directors to acquire shares.
F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
689 Recovery from trustees of discretionary trusts of higher rate tax due from beneficiaries.
F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pt. 15 modified (with effect in accordance with s. 105(1) of the modifying Act) by Finance Act 1996 (c. 8), Sch. 13 para. 6(1) (with Sch. 13 para. 16, Sch. 15)