SCHEDULES
SCHEDULE 8Deemed domicile: income tax and capital gains tax
PART 2Protection of overseas trusts
ITTOIA 2005
21
In section 624 (income under a settlement where settlor retains an interest), in subsection (3) (which lists provisions containing exceptions)—
(a)
omit the “and” at the end of the entry for section 627, and
(b)
after the entry for section 628 insert
“, and
section 628A (exception for protected foreign-source income).”