Part 2 U.K. Income tax, corporation tax and capital gains tax

Chapter 4 U.K. Trusts with vulnerable beneficiary

Qualifying trusts U.K.

36 Parts of assets U.K.

For the purposes of this Chapter references to property being held on trusts include references to a part of an asset being held on trusts if—

(a) that part of the asset, and

(b) any income arising from it (or treated as arising from it),

can be identified for the purpose of determining whether the trusts on which it is held are qualifying trusts.