Income Tax (Trading and Other Income) Act 2005 section 643A

Deemed income because of benefits for settlor or close family member

Section 643A treats certain untaxed benefits received from a settlement as taxable income of the settlor or a close family member, up to the amount of available protected income in the settlement.

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.