Part 5Miscellaneous income
Chapter 5Settlements: amounts treated as income of settlor
Rules for calculating income
623Calculation of income
1
This section applies for the purpose of calculating the liability to tax of a settlor charged under this Chapter.
2
The same deductions and reliefs are allowed as would have been allowed if the amount treated as the settlor's income as a result of this Chapter had been received by the settlor as income.