Paragraph 24

Section 635 (capital sums treated under section 633 as income: meaning of “available income”) is amended as follows.

In subsection (2), before “income” insert “ unprotected ”.

After subsection (4) insert—

“(5)

In subsection (2) “unprotected income” means income which is not protected foreign-source income, and sections 628A(2) to (13) and 628B (meaning of “protected foreign-source income”) have effect also for this purpose.”