# Income Tax Act 2007, Paragraph 553


In section 624 (income where settlor retains an interest in the settlement) after subsection (1) insert—
“(1A) If the settlement is a trust, expenses of the trustees are not to be used to reduce the income of the settlor.”

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/553 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-553
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.