Related Commentary  

496A(1)  Section 496B applies if–

(a)in a tax year the trustees of a settlement make a discretionary employment income payment, and

(b)the trustees are UK resident for the tax year.

496A(2)  In this section and section 496B, “discretionary employment income payment” means a payment to a person (“the beneficiary”) that–

(a)is made in the exercise of a discretion (whether exercisable by the trustees or any other person),

(b)is made out of income, and

(c)meets conditions A and B.

496A(3)  Condition A is that what is paid to the beneficiary–

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