Section 680A Income treated as … dividend income
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Amendments
Heading words “saving rate or” omitted by Finance Act 2008 section 5 para 62(8) for 2008-09 and later tax years.
Amendments
Section 680A inserted by Income Tax Act 2007 section 1027 and Schedule 1 para 566 from 6 April 2007.
(1) [Subsection (3) applies]1 to income if it—
(a) is treated under section 656(3) or 657(4) (gross amount of estate income treated as bearing tax at the applicable rate) as bearing tax at ...2 the dividend ordinary rate, and
(b) is not paid through a trustee.
Amendments
1 Substituted for the words “Subsections (2) and (3) apply” by Finance Act 2008 section 5 and Schedule 1 para 62(2)(a) for 2008-09 and later tax years.
2 The words “the savings rate or” omitted by Finance Act 2008 section 5 and Schedule 1 para 62(2)(b) for 2008-09 and later tax years.
(2) ...
Amendments
Subs (2) omitted by Finance Act 2008 section 5 and Schedule 1 para 62(3) for 2008-09 and later tax years.
(3) [The income]1 is treated as dividend income.
Amendments
1 Substituted by Finance Act 2008 section 5 and Schedule 1 para 62(4) for 2008-09 and later tax years.
(4) [Subsection (6) applies]1 to income if it—
(a) is treated by section 662, read with section 656(3) or 657(4), as bearing tax at ...2 the dividend ordinary rate, and
(b) is paid through a trustee.
Amendments
1 Substituted for the words “Subsections (5) and (6) apply” by Finance Act 2008 section 5 and Schedule 1 para 62(5)(a) for 2008-09 and later tax years.
2 The words “the savings rate or” omitted by Finance Act 2008 section 5 and Schedule 1 para 62(5)(b) for 2008-09 and later tax years.
(5) ...
Amendments
Subs (5) omitted by Finance Act 2008 section 5 and Schedule 1 para 62(6) for 2008-09 and later tax years.
(6) [The income]1 is treated as dividend income of the trustee.
Amendments
1 Substituted by Finance Act 2008 section 5 and Schedule 1 para 62(7) for 2008-09 and later tax years.
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