
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 644


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 07/04/2005.
Changes to legislation:
There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Section 644.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
644Application to settlements by two or more settlorsU.K.
This section has no associated Explanatory Notes
(1)In the case of a settlement where there is more than one settlor, this Chapter has effect in relation to each settlor as if that settlor were the only settlor.
(2)This works as follows.
(3)In this Chapter, in relation to a settlor—
(a)references to the property comprised in a settlement include only property originating from the settlor, and
(b)references to income arising under the settlement include only income originating from the settlor.
(4)For the purposes of sections 629, 631 and 632 only the following are taken into account in relation to a child of the settlor—
(a)income originating from the settlor, and
(b)in a case in which section 631 applies, payments which under that section (as adapted by subsection (5) below) are treated as payments of income.
(5)In applying section 631 to a settlor—
(a)the reference to income arising under the settlement includes only income originating from the settlor, and
(b)the reference to any payment made in connection with the settlement includes only a payment made out of property originating from the settlor or income originating from the settlor.
(6)See section 645 for the meaning of references in this section to property or income originating from a settlor.
Back to top