# Income Tax (Trading and Other Income) Act 2005, Section 643ZB: Protected foreign-source income and transitional trust income not to be taxed elsewhere in Chapter


(1) The rules in sections 624(1) and 629(1) do not apply to protected foreign-source income or transitional trust income (which, by virtue of section 648(3) to (5), may be treated as income arising under the settlement in the tax year 2025-26 or a subsequent tax year).
(2) In the following provisions, “income” does not include protected foreign-source income or transitional trust income—
section 635(2) and (3)(d)(i);
section 636(1), (2) (in the words before paragraph (a)), (4) and (6);
section 637(5) and (7A).

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