# Finance Act 2025, Paragraph 72: Onward gifts: settlements (income)

Extent: E+W+S+N.I.

Despite the repeal of section 643M of ITTOIA 2005 by paragraph 21 of this Schedule, that section continues to have effect so far as—
(a) it provided before its repeal for a benefit of a particular amount to be treated for the purposes of section 643B of that Act as having been provided to a particular person at a particular time, and
(b) the receipt of the benefit by the person is relevant to the application of section 643B of that Act in the tax year 2025-26 or a later tax year.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/12/paragraph/72 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-12/paragraph-72
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.