Related Commentary  

628(1)  The rule in section 624(1) does not apply to any qualifying income which arises under a UK settlement if–

(a)it is given by the trustees to a charity in the tax year in which it arises, or

(b)it is income to which a charity is entitled under the terms of the trust.

628(2)  In this section “qualifying income”  means–

(a)income which must be accumulated,

(b)income which is payable at the discretion of the trustees or any other person

(c)income which (before being distributed) is income of any person other than the trustees.

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