[809EZDB Sums arising to connected company or unconnected person]
Income Tax Act 2007 (2007 c 3) | Legislation

[809EZDB  Sums arising to connected company or unconnected person]

[(1)     This section applies in relation to an individual (“A”) if—

(a)     a sum arises to—

(i)     a company connected with A, or

(ii)     a person not connected with A,

(b)     any of the enjoyment conditions is met, and

(c)     the sum does not arise to A apart from this section.

(2)     The enjoyment conditions are—

(a)     the sum, or part of the sum, is in fact so dealt with by any person as to be calculated at some time to enure for the benefit of A or a person connected with A;

(b)     the arising of the sum operates to increase the value to A or a person connected with A of any assets which—

(i)     A or the connected person holds, or

(ii)     are held for the benefit of A or the connected person;

(c)     A or a person connected with A receives or is entitled to receive at any time any benefit provided or to be provided out of the sum or part of the sum;

(d)     A or a person connected with A may become entitled to the beneficial enjoyment of the

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