# Finance Act 2005, Section 28A: Disapplication of section 629 of ITTOIA 2005


(1) In a case where this section applies, section 629(1) of ITTOIA 2005 shall not apply in respect of a payment by the trustees of a settlement to a beneficiary under the settlement.
(2) This section applies if in a year of assessment—
(a) the trustees make a payment to a vulnerable person,
(b) the payment is made out of qualifying trusts income,
(c) the vulnerable person is a relevant child (within the meaning given by section 629 of ITTOIA 2005) of a settlor in relation to the settlement, and
(d) the trustees have made a successful claim for special income tax treatment under section 25.

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Source: https://www.legislation.gov.uk/ukpga/2005/7/section/28A (the official version)
Page: https://openlegislation.uk/finance-act-2005/section-28A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.