SCHEDULES

SCHEDULE 15Charge to income tax on benefits received by former owner of property

Introductory

F12

1

For the purposes of this Schedule whether a person is connected with another person is determined in accordance with section 993 of the Income Tax Act 2007.

2

But for those purposes sections 993 and 994 of that Act are to be read as if in those sections—

a

“relative” included uncle, aunt, nephew and niece, and

b

“settlement”, “settlor” and “trustee” had the same meanings as in IHTA 1984.