[643I Recipients of onward gifts]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[643I  Recipients of onward gifts]

[(1)     Sections 643J to 643L apply if—

(a)     in the case of a settlement, an amount—

(i)     is treated by section 643A(1)(a), both before and after the application of section 643A(3) and (4), as income of an individual (“the original beneficiary”) for a tax year (“the matching year”), or

(ii)     having been treated by section 643A(1) before the application of section 643A(3) and (4) as income of an individual (“the original beneficiary”) for a tax year (“the matching year”), is treated by section 643A(3) or (4) as income of the settlor for the matching year, or

(iii)     is treated by section 643A(1)(b), before the application of section 643A(3) and (4), as income of an individual (“the original beneficiary”) for a tax year (“the matching year”) but is not treated by section 643A(3), and is not treated by section 643A(4), as income of the settlor for the matching year,

(b)     under section 643G (if it applied also for this purpose) the amount would be matched with a benefit provided in the matching year, or an earlier tax year, to the original beneficiary,

(c)     at the time the benefit is provided to the original beneficiary—

(i)     there

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