571. Exceptions from charge where settlor retains an interest.

The charge on the settlor1 where he retains an interest does not apply to income:

  1.  

    (1)     arising under a settlement2 made by one party to a marriage or civil partnership by way of provision for the other:

    1.  

      (a)     after the dissolution or annulment of the marriage or civil partnership; or

    2.  

      (b)     while they are separated under an order of a court, or under a separation agreement or in such circumstances that the separation is likely to be permanent;

  3.  

    (2)     which is payable to, or applicable for the benefit of, that other party;

  4.  

    (3)     which consists of: