SCHEDULES

SCHEDULE 10Settlements: anti-avoidance etc

PART 2Income tax

ITA 2007

14

In section 732(1)(e) (where benefit received, income treated as arising only if no tax on benefit apart from section 731)—

a

after “is not liable to income tax” insert “ , under any provision that is none of section 731 of this Act and sections 643A, 643J and 643L of ITTOIA 2005, ”, and

b

omit “(apart from section 731)”.