Commentary

I5.1143 Quantifying the untaxed benefits

IHT, trusts and estates

I5.1143 Quantifying the untaxed benefits

I5.1143 Quantifying the untaxed benefits

For the purpose of the charge on protected foreign-source income (see I5.1141), whether an individual has an untaxed benefits total for a settlement for a tax year (Year Z), and if so the amount of it, is determined in accordance with the following steps:

  1.  

    (1)     If the individual is the settlor, identify each benefit provided by the trustees to the individual in Year Z or earlier (excepting any year preceding 2018/19) and at a time when the individual is neither domiciled in the UK nor deemed domiciled by virtue of Condition A in E6.323B (by being a UK resident who was born in the UK and has a UK domicile of

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