Adjustments between settlor and trustees etc.

Legislation/Regulatory – ITTOIA2005 s. 646
HMRC Guidance – CG38625

Calculation

Legislation/Regulatory – ITTOIA2005 s. 623
HMRC Guidance – PIM1045

Capital sums paid to by trustees

Amount of available income

Legislation/Regulatory – ITTOIA2005 s. 635

Calculation of undistributed income

Legislation/Regulatory – ITTOIA2005 s. 636, 637

Capital sum, meaning

Legislation/Regulatory – ITTOIA2005 s. 634

Corporate body connected with settlement

Legislation/Regulatory – ITTOIA2005 s. 641-643

Generally

Legislation/Regulatory – ITTOIA2005 s. 633
HMRC Guidance – CTM61555 ; CTM61660

Grossing-up of deemed income

Legislation/Regulatory – ITTOIA2005 s. 640

Loan or repayment of loan

Legislation/Regulatory – ITTOIA2005 s. 638

Loans to close company participators

Legislation/Regulatory – ITTOIA2005 s. 639

Sums paid to settlor, meaning

Legislation/Regulatory – ITTOIA2005 s. 634

Charge to tax

Legislation/Regulatory – ITTOIA2005 s. 619
HMRC Guidance – CG34804 ; PIM1045

Discretionary annual payment

Legislation/Regulatory – ITTOIA2005 s. 685A

Highest part of total income

Legislation/Regulatory – ITA2007 s. 1012 ; ITTOIA2005 s. 619A

Income arising under a settlement, meaning

Legislation/Regulatory – ITTOIA2005 s. 648

Income charged

Legislation/Regulatory – ITTOIA2005 s. 621

Person liable

Legislation/Regulatory – ITTOIA2005 s. 622

Property or income originating from settlor

Legislation/Regulatory – ITTOIA2005 s. 645

Relevant children

Generally

Legislation/Regulatory – FA2005 s. 28A ; ITTOIA2005 s. 629
HMRC Guidance – RDRM33590 ; RDRM33595 ; SAIM2430

Gifts to charities

Legislation/Regulatory – ITTOIA2005 s. 630

Offshore income gains

Legislation/Regulatory – ITTOIA2005 s. 632

Retained and accumulated income

Legislation/Regulatory – ITTOIA2005 s. 631

Remittance basis

Legislation/Regulatory – ITTOIA2005 s. 648(2)-(5)

Retained interests

Exceptions for certain types of income

Legislation/Regulatory – FA2012 s. 12 ; ITTOIA2005 s. 627

Generally

Legislation/Regulatory – ITTOIA2005 s. 624, 625
HMRC Guidance – CG34760 ; CG34770 ; CG38540 ; CG38625 ; CTM15270 ; IHTM44009 ; IHTM44025 ; IHTM44073 ; INTM339550 ; RDRM31490 ; RDRM33590

Gifts to charities

Legislation/Regulatory – ITTOIA2005 s. 628

Outright gifts between spouses

Legislation/Regulatory – ITTOIA2005 s. 626

Return of excess repayment of tax to trustees

Legislation/Regulatory – ITTOIA2005 s. 646(4), (6A), (6B)

Settlement, meaning

Legislation/Regulatory – ITTOIA2005 s. 620

Settlor, meaning

Legislation/Regulatory – ITTOIA2005 s. 620

Two or more settlors

Legislation/Regulatory – ITTOIA2005 s. 644