Income Tax Act 2007 section 733A

Settlor liable for section 731 charge on closely-related beneficiary

Section 733A makes the settlor of a non-UK resident trust liable for tax on income that would otherwise be charged on a closely-related beneficiary, where the beneficiary is either non-UK resident or is taxed on the remittance basis and does not remit the income to the UK.

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.