[628A Exception for protected foreign-source income]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[628A  Exception for protected foreign-source income]

[(1)     The rule in section 624(1) does not apply to income which arises under a settlement if it is protected foreign-source income for a tax year.

(2)     For this purpose, income arising under a settlement in a tax year is “protected foreign-source income” for the tax year if Conditions A to F are met.

(3)     Condition A is that the income would be relevant foreign income if it were income of a UK resident individual.

(4)     Condition B is that the income is from property originating from the

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