641 Capital sums paid to settlor by body connected with settlement
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Capital sums treated as income of settlor: connected bodies

641  Capital sums paid to settlor by body connected with settlement

(1)     This section applies if—

(a)     a capital sum is paid to the settlor in a tax year by any body corporate connected with the settlement in that year, and

(b)     an associated payment has been, or is, made directly or indirectly to the body by the trustees of the settlement.

(2)     The capital sum is, in accordance with this section,

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