Part 5Miscellaneous income
Chapter 5Settlements: amounts treated as income of settlor F5or family
Charge to tax under Chapter 5
619Charge to tax under Chapter 5
1
Income tax is charged on—
a
income which is treated as income of a settlor as a result of section 624 (income where settlor retains an interest),
b
income which is treated as income of a settlor as a result of section 629 (income paid to F1relevant children of settlor),
c
capital sums which are treated as income of a settlor as a result of section 633 (capital sums paid to settlor by trustees of settlement), F7...
d
capital sums which are treated as income of a settlor as a result of section 641 (capital sums paid to settlor by body connected with settlement).
F6e
benefits whose amount or value is treated as income of the settlor or a close family member as a result of section 643A (benefits provided out of protected foreign-source income), and
f
amounts treated as income of the settlor or a close family member by section 643J or 643L (gifts provided out of benefits).
F22
For the purposes of F3Chapter 2 of Part 2 of ITA 2007 (rates at which income tax is charged) , where income of another person is treated as income of the settlor and is charged to tax under subsection (1)(a) or (b) above, it shall be charged in accordance with whichever provisions of the F4Income Tax Acts would have been applied in charging it if it had arisen directly to the settlor.
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)