Explanatory Notes

Income Tax (Trading and Other Income) Act 2005

2005 CHAPTER 5

24 March 2005

Commentary on Sections

Part 4: Savings and investment income

Chapter 10: Distributions from unauthorised unit trusts
Section 549: Person liable

2146.This section states who is liable for any tax charged. It is based on sections 59(1) and 469(3) of ICTA.