Part 5 U.K. Miscellaneous income

Chapter 5 U.K. Settlements: amounts treated as income of settlor [F1 or family]

Textual Amendments

F1 Words in Pt. 5 Ch. 5 heading inserted (with effect in accordance with Sch. 10 para. 21 of the amending Act) by Finance Act 2018 (c. 3), Sch. 10 para. 3(2)

[F2 Transitional provision about protected foreign-source income and transitional trust income] U.K.

Textual Amendments

F2 S. 643A cross-heading substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 11, 70(1)

[F3 643E Reimbursement of tax paid by settlor because of section [F4 643B(2)] U.K.

(1) Where any tax for which the settlor of a settlement is liable as a result of [F5 section 643B(2) (benefit received by close family member attributed to settlor)] is paid, the settlor is entitled to recover the amount of the tax from the individual concerned.

(2) For the purpose of recovering that amount, the settlor is entitled to require an officer of Revenue and Customs to give the settlor a certificate specifying—

[F6 (a) the tax year in which income is treated under section 643A as arising to the settlor,

(b) the amount of income treated as arising, and

(c) the amount of tax paid,]

and any such certificate is conclusive evidence of the facts stated in it.]

Textual Amendments

F3 Ss. 643A-643N and cross-heading inserted (with effect in accordance with Sch. 10 para. 21 of the amending Act) by Finance Act 2018 (c. 3), Sch. 10 para. 11 (with Sch. 10 para. 22)

F4 Word in s. 643E heading substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 16(2), 70(1)

F5 Words in s. 643E(1) substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 16(3), 70(1)

F6 S. 643E(2)(a)-(c) substituted for s. 643E(2)(a)(b) (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 16(4), 70(1)