[733A Settlor liable for section 731 charge on closely-related beneficiary]

[733A  Settlor liable for section 731 charge on closely-related beneficiary]

[(1)     Subsections (2) and (3) apply if—

(a)     an amount of income is treated as arising to an individual under section 732 for a tax year,

(b)     under section 735A (if it applied also for this purpose) that amount would be matched—

(i)     with an amount of relevant income that is protected income for the purposes of this sub-paragraph (see sections 721(3BA) and 728(1B)), and

(ii)     with a benefit received by the individual at a time when the individual was a close member (see subsection (7)) of the family of the settlor of the settlement concerned,

(c)     there is no time in the year when the trustees of the settlement are resident in the United Kingdom,

(d)     there is a time in the year when the settlor is resident in the United Kingdom,

(e)     there is no time in the year when the

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