BrowseStatutory InstrumentsSI 2014/3062
SIin_forceSI 2014/3062 · order

The Income Tax (Removal of Ordinary Residence) Order 2014

Section 628 of the Income Tax (Trading and Other Income) Act 2005 provides an exception to the rule that income which arises under a settlement is treated for income tax purposes as the income of the settlor if certain conditions are satisfied. Subsection (6) defines a “UK settlement” for the purposes of the exception. This Order removes the reference to “and ordinarily resident” from that definition.

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Lifecycle
Department
Made
17 Nov 2014
In force
06 Apr 2015