# Income Tax Act 2007, Section 464: Scottish trusts


(1) This section applies if—
(a) income arises to trustees under a trust having effect under the law of Scotland,
(b) the trustees are UK resident, and
(c) a beneficiary under the trust (“B”) would have an equitable right in possession to the income if the trust had effect under the law of England and Wales.
(2) B is treated for income tax purposes as having an equitable right in possession to the income (even though B has no such right under the law of Scotland).

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/464 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-464
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.