{
  "url": "https://openlegislation.uk/finance-act-2012/section-12",
  "json_url": "https://openlegislation.uk/finance-act-2012/section-12.json",
  "legislation": "ukpga/2012/14",
  "legislation_title": "Finance Act 2012",
  "legislation_url": "https://openlegislation.uk/finance-act-2012",
  "path": "section/12",
  "kind": "section",
  "number": "12",
  "heading": "Settlements: income originating from settlors other than individuals",
  "text": "(1) ITTOIA 2005 is amended as follows.\n(2) In section 627 (income where settlor retains an interest: exceptions), at the end insert—\n“(4) The rule in section 624(1) does not apply in relation to income which—\n(a) arises under a settlement, and\n(b) originates from any settlor who was not an individual.”\n(3) In section 645 (property or income originating from settlor), in subsection (2), for “section 644” substitute “ sections 627 and 644 ”.\n(4) The amendments made by this section have effect in relation to income arising on or after 21 March 2012.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/14/section/12",
    "retrieved_at": "2026-10-29T09:08:44.989153+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}