[643B Meaning of “untaxed benefits total” in section 643A]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[643B  Meaning of “untaxed benefits total” in section 643A]

[(1)     For the purposes of section 643A, whether an individual has an untaxed benefits total for a settlement for a tax year (“the current year”), and (if so) its amount, are determined as follows—

Step 1
If the individual is the settlor, identify each benefit provided by the trustees to the individual at a time—

(a)     when the individual is not relevantly domiciled, and

(b)     in a tax year that is the current year or an earlier tax year.
If the individual is not the settlor, identify each benefit provided by the trustees to the individual at a time—

(a)     when the individual is a close member of the settlor's family (see section 643H), and

(b)     in a tax year that is the current year or an earlier tax year.

Step 2
Identify the amount or value of each benefit identified in the individual's case at Step 1, and calculate the total of

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