9(1)Section 677 of the Taxes Act 1988 is amended as follows.
(2)In subsection (2)(b) after “the amount of” insert “that income taken into account under that subsection in relation to”.
(3)After subsection (2)(f) insert—
“(fa)any income arising under the settlement in that year or any previous year which has been treated as income of the settlor by virtue of section 660A or 660B; and”.
(4)In subsection (9) after “one of the events specified in section 673(3)” insert “or, in the case of a sum paid on or after 6th April 1995, in one of the events specified in section 660A(4) or on the death under the age of 25 of any such person as is mentioned in section 660A(5)”.