Section 622 Person liable
United Kingdom
The person liable for any tax charged under this Chapter is the settlor F1, but this is subject to F2section 643A (under which a close member of the settlor’s family may instead be liable).
Annotations
Textual amendments
- F1
Words in s. 622 inserted (with effect in accordance with Sch. 10 para. 21 of the amending Act) by Finance Act 2018 (c. 3), Sch. 10 para. 6
- F2
Words in s. 622 substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 3, 70(1)
Notes on Chapter 5
Textual amendments
- F1
Words in Pt. 5 Ch. 5 heading inserted (with effect in accordance with Sch. 10 para. 21 of the amending Act) by Finance Act 2018 (c. 3), Sch. 10 para. 3(2)