538 Recovery of tax from trustees
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

538  Recovery of tax from trustees

(1)     This section applies if—

(a)     immediately before a chargeable event the rights under the policy or contract, or the part of or share in them in question, were held on non-charitable trusts,

(b)     an individual is liable for tax under this Chapter for the tax year on the gain from the event, and

(c)     the income tax for which the individual is liable for the tax year, after any relief available in respect of

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