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History

In the heading to s. 629 the word “relevant” substituted for the words “unmarried minor” by SI 2005/3229, reg. 192(4), with effect from 5 December 2005.


629(1)  Income which arises under a settlement is treated for income tax purposes as the income of the settlor and of the settlor alone for a tax year if, in that year and during the life of the settlor, it–

(a)is paid to, or for the benefit of, a relevant child of the settlor, or

(b)would otherwise be treated (apart from this section) as income of a relevant child of the settlor.

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