# The Income Tax (Removal of Ordinary Residence) Order 2014, Note: Explanatory note


(This note is not part of the Order)
Section 628 of the Income Tax (Trading and Other Income) Act 2005 provides an exception to the rule that income which arises under a settlement is treated for income tax purposes as the income of the settlor if certain conditions are satisfied. Subsection (6) defines a “UK settlement” for the purposes of the exception. This Order removes the reference to “and ordinarily resident” from that definition.
A Tax Information and Impact Note has not been prepared for this instrument as it gives effect to previously announced policy.

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Source: https://www.legislation.gov.uk/uksi/2014/3062/note (the official version)
Page: https://openlegislation.uk/income-tax-removal-of-ordinary-residence-order-2014/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.