[643A Deemed income because of benefits for settlor or close family member]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[Benefits matched with protected foreign-source income]

[643A  Deemed income because of benefits for settlor or close family member]

[(1)     If an individual has an untaxed benefits total for a settlement for a tax year (see section 643B), an amount equal to so much of that total as does not exceed the settlement's available protected income up to the end of the year (see section 643C) is—

(a)     where the individual is UK resident for the year, treated for income tax purposes as income of the individual for the year, subject to subsections (2) to (5), and

(b)     where the individual is non-UK resident for the year, treated for the purposes of subsection (2) and sections 643I to 643L (but no other purpose) as income of the individual for the year, subject to subsection (5).

(2)     Subsections (3) and (4) apply if—

(a)

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