567. Income of the settlor; in general.

A charge to income tax is applied to the settlor in certain circumstances on all income, capital sums and benefits which are treated as the income of the settlor1 where he has made a settlement for these purposes2. The definition of 'settlement' is, for these purposes, wider than that which generally applies for the purposes of the Income Tax Acts3. The circumstances where the charge applies are: (1) where income arises and the settlor retains an interest in the property4; (2) where income is paid to the relevant children of the settlor5; (3) where capital sums are paid to