[643C Meaning of “available protected income” in section 643A]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[643C  Meaning of “available protected income” in section 643A]

[(1)     For the purposes of the application of section 643A(1) in the case of an individual and a settlement, the settlement has available protected income up to the end of a tax year if—

PFSI - TOAA > TI

and, if the settlement has available protected income up to the end of a tax year, its amount is given by—

PFSI - TOAA - TI

(2)     In this section—

PFSI is the total of—

(a)     any protected foreign-source income—

(i)     arising under the settlement in the year or in

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