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SCHEDULES

SCHEDULE 10Settlements: anti-avoidance etc

PART 2Income tax

ITA 2007

15In section 733A(7) (meaning of “close member” of settlor’s family), for the words after “family of the settlor” substitute at any time if the settlor is living at that time and—

(a)the person is the settlor’s spouse or civil partner at that time, or

(b)the person—

(i)is a child of the settlor, or of a person who at that time is the settlor’s spouse or civil partner, and

(ii)at that time has not reached the age of 18.