HC Deb 08 May 1922 vol 153 cc1840-1

10. "That any income—

  1. (a) of which any person is able, or has at any time since the fifth day of April, nineteen hundred and twenty-two, been able, by the exercise of any power of appointment, power of revocation, or otherwise howsoever, to obtain for himself the beneficial enjoyment; or
  2. (b) which by virtue or in consequence of any disposition whatsoever made by any person after the first day of May, nineteen hundred and twenty-two (other than a disposition made for a valuable and sufficient consideration), is payable to or applicable for the benefit of any other person for any period not exceeding six years; or
    3. 1841
  3. (c) which by virtue or in consequence of any disposition whatsoever made by any person is payable to or applicable for the benefit of an unmarried infant child (including a step-child or an illegitimate child) of that person for some period less than the life of the child;
shall for the purpose of the enactments relating to Income Tax (including Super-tax) be deemed to be the income of the person who is able to obtain the beneficial enjoyment thereof, or by whom the disposition was made, as the case may be, and not to be for those purposes the income of any other person, and any person who, under paragraph (b) or paragraph (c) aforesaid becomes liable to pay any additional amount by way of Income Tax or Super-tax on any income, shall be entitled to recover from the person entitled, whether as trustee or otherwise, to receive that income, the additional amount so paid.

And it is declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913."