5(1)For section 619(2) to (4) of ITTOIA 2005 (charge to tax on settlor) substitute—U.K.
“(2)For the purposes of sections 1 to 1B of ICTA, where income of another person is treated as income of the settlor and is charged to tax under subsection (1)(a) or (b) above, it shall be charged in accordance with whichever provisions of the Tax Acts would have been applied in charging it if it had arisen directly to the settlor.”
(2)This paragraph shall have effect—
(a)in relation to income which arises or is treated as arising on or after 6th April 2006, and
(b)in relation to income which is paid to a minor child of the settlor, where the child is unmarried and is not in a civil partnership, on or after 6th April 2006 and in relation to which section 631 of ITTOIA 2005 applies (irrespective of when the income arose).