Commentary

I5.1141 The charge to tax on benefits

IHT, trusts and estates

I5.1141 The charge to tax on benefits

Benefits provided out of protected foreign-source income

I5.1141 The charge to tax on benefits

For 2018/19 onwards, otherwise untaxed benefits provided by the trustees of a settlement to the settlor or a close family member (see I5.1142) out of protected foreign-source income (see I5.1220) are treated as income of the settlor or family member1.

The treatment applies if an individual has an untaxed benefits total for a settlement for a tax year (see I5.1143). The amount treated as income is so much of that total as does not exceed the settlement's available protected income (see I5.1144) up to the

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