Part 5Miscellaneous income

Chapter 5Settlements: amounts treated as income of settlor F1or family

Annotations:
Amendments (Textual)
F1

Words in Pt. 5 Ch. 5 heading inserted (with effect in accordance with Sch. 10 para. 21 of the amending Act) by Finance Act 2018 (c. 3), Sch. 10 para. 3(2)

Income charged and person liable

621Income charged

Tax is charged under this Chapter on all F3income, capital sums and benefits to which section 619(1) applies.

622Person liable

The person liable for any tax charged under this Chapter is the settlor F2, but this is subject to sections 643A and 643I to 643M.