[733B Recipients of onward gifts]
Income Tax Act 2007 (2007 c 3) | Legislation

[733B  Recipients of onward gifts]

[(1)     Sections 733C to 733E apply if—

(a)     an amount of income is treated as arising under section 732 to an individual (“the original beneficiary”) in a tax year (“the arising year”) but neither by section 733C nor by section 733E,

(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 section 733A(1)(b)(i) (see sections 721(3BA) and 728(1B)), and

(ii)     with the whole or part of a benefit received by the original beneficiary,

(c)     at the time that benefit is received by the original beneficiary (“the distribution time”)—

(i)     there are arrangements, or there is an intention, as regards the (direct or indirect) passing-on of the whole or part of that benefit to another person, and

(ii)     it is reasonable to expect that, in the event of the whole or part of that benefit being passed on to another person as envisaged by the arrangements or intention, that other person will be UK resident when they receive at least part of what is passed on to them,

(d)     the original beneficiary makes, directly or

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