SCHEDULES

SCHEDULE 10Settlements: anti-avoidance etc

PART 2Income tax

ITA 2007

14

In section 732(1)(e) (where benefit received, income treated as arising only if no tax on benefit apart from section 731)—

(a)

after “is not liable to income tax” insert “, under any provision that is none of section 731 of this Act and sections 643A, 643J and 643L of ITTOIA 2005,”, and

(b)

omit “(apart from section 731)”.