Finance (No. 2) Act 2017 (c. 32)

SCHEDULES

SCHEDULE 8 U.K. Deemed domicile: income tax and capital gains tax

PART 2 U.K. Protection of overseas trusts

ITTOIA 2005 U.K.

21 U.K. In section 624 (income under a settlement where settlor retains an interest), in subsection (3) (which lists provisions containing exceptions)—

(a) omit the “and” at the end of the entry for section 627, and

(b) after the entry for section 628 insert “, and

section 628A (exception for protected foreign-source income).”