{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-512",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-512.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/512",
  "kind": "section",
  "number": "512",
  "heading": "Charge to tax on some settlements",
  "text": "(1) Income tax is charged in respect of a heritage maintenance settlement on any of the occasions described in cases A to D, subject to sections 516 and 517.\n(2) Case A is where any of the property comprised in the settlement (whether capital or income) is applied otherwise than—\n(a) for a property maintenance purpose, or\n(b) as respects income not so applied and not accumulated, for the benefit of a heritage body.\n(3) Case B is where any of that property, on ceasing to be comprised in the settlement, devolves otherwise than on a heritage body.\n(4) Case C is where the heritage direction ceases to have effect in respect of the settlement.\n(5) Case D is where any of the property comprised in the settlement, on ceasing at any time to be comprised in the settlement—\n(a) devolves on a heritage body, and\n(b) at or before that time an interest under the settlement is or has been acquired for a consideration in money or money's worth by that or another such body.\n(6) For the purposes of subsection (5)(b) any acquisition from another such body is to be ignored.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/512",
    "retrieved_at": "2026-10-29T09:13:03.599581+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}