Search Legislation

Income Tax Act 2007

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes to legislation:

There are currently no known outstanding effects for the Income Tax Act 2007, Paragraph 482. Help about Changes to Legislation

This section has no associated Explanatory Notes

482(1)Amend Schedule 15 (charge to income tax on benefits received by former owner of property) as follows.U.K.

(2)For paragraph 2 substitute—

2(1)For the purposes of this Schedule whether a person is connected with another person is determined in accordance with section 993 of the Income Tax Act 2007.

(2)But for those purposes sections 993 and 994 of that Act are to be read as if in those sections—

(a)“relative” included uncle, aunt, nephew and niece, and

(b)“settlement”, “settlor” and “trustee” had the same meanings as in IHTA 1984.

(3)In paragraph 9(1) for paragraph (c) substitute—

(c)sections 720 to 730 of the Income Tax Act 2007,.

Back to top

Options/Help