This section has no associated Explanatory Notes
56(1)Section 475 (residence of trustees) is amended as follows.U.K.
(2)For subsection (1) substitute—
“(1)This section applies for income tax purposes and explains how to work out, in relation to the trustees of a settlement, whether or not the single person mentioned in section 474(1) is UK resident.”
(3)In subsection (2), for “both UK resident and ordinarily UK resident” substitute “ UK resident ”.
(4)In subsection (3), for “both non-UK resident and not ordinarily UK resident” substitute “ non-UK resident ”.