Part 5U.K.Miscellaneous income

Chapter 5U.K.Settlements: amounts treated as income of settlor [F1or family]

Textual Amendments

F1Words 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)

[F2Transitional provision about protected foreign-source income and transitional trust income]U.K.

Textual Amendments

F2S. 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)

[F3643HMeaning of close member of settlor's family in sections [F4643A to 643EA] U.K.

(1)For the purposes of sections [F5643A to 643EA], a person is a close member of the family of the settlor of a settlement 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.

[F6(2)For the purposes of subsection (1), two people living together as if they were a married couple or civil partners are treated as if they were spouses or civil partners of each other.]]

Textual Amendments

F3Ss. 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)

F4Words in s. 643H heading substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 20, 70(1)

F5Words in s. 643H(1) substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 20, 70(1)