# Income Tax (Trading and Other Income) Act 2005, Section 643ZA: “Protected foreign-source income” and “transitional trust income”


(1) In this Chapter—
“protected foreign-source income” means income that—
(a)arose under a settlement in any of the tax years 2017-18 to 2024-25, and
(b)was protected foreign-source income for that tax year within the meaning of section 628A (as that section had effect for that tax year).
“transitional trust income” means income that—
(a)arose under a settlement in any of the tax years 2008-09 to 2016-17, and
(b)was transitional trust income throughout the tax years 2017-18 to 2024-25 within the meaning of section 628C (as that section had effect for those tax years).
(2) For the purposes of subsection (1) ignore section 648(3) to (5) (foreign income treated as arising under settlement only if and when remitted).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/643ZA (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-643ZA
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.