# Finance Act 2007, Section 55: Trust income


(1) In section 686A(2)(a) of ICTA (receipts to be treated as income subject to special rate of tax: payment by company), after “made” insert “ by way of qualifying distribution ”.
(2) In Type 1(b) in section 482 of ITA 2007 (types of amount to be charged at special rates for trustees), after “made” insert “ by way of qualifying distribution ”.
(3) The amendments made by this section have effect in respect of payments made to the trustees of a settlement on or after 6th April 2006.

---
Source: https://www.legislation.gov.uk/ukpga/2007/11/section/55 (the official version)
Page: https://openlegislation.uk/finance-act-2007/section-55
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.