Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Income Tax Act 2007 section 492
Cases where settlor has made more than one settlement
Section 492 reduces the £1,000 band of trust income taxed at normal rates where the settlor has created more than one settlement, to prevent settlors from multiplying the tax advantage by creating multiple trusts.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.