C1PART XV SETTLEMENTS
Annotations:
Modifications etc. (not altering text)
F1CHAPTER 1B PROVISIONS AS TO CAPITAL SUMS PAID TO SETTLOR
Annotations:
Amendments (Textual)
F1
Pt. 15 Ch. 1B heading inserted (with effect in accordance with s. 74(2) of the amending Act) by Finance Act 1995 (c. 4), Sch. 17 para. 8
F2682A Supplementary provisions.
1
The provisions of sections 660E to 660G apply for the purposes of this Chapter as they apply for the purposes of Chapter IA.
2
For the purposes of this Chapter, a body corporate shall be deemed to be connected with a settlement in any year of assessment if at any time in that year—
a
it is a close company (or only not a close company because it is not resident in the United Kingdom) and the participators then include the trustees of the settlement; or
b
it is controlled (within the meaning of section 840) by a company falling within paragraph (a) above.
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)