HC Deb 28 April 1927 vol 205 c1033

15."That any income which by virtue or in consequence of any disposition made, directly or indirectly, by any person after the eleventh day of April, nineteen hundred and twenty-seven (other than a disposition made for valuable and Sufficient consideration) is payable to or applicable for the benefit of any other person, but exclusive of any income which—

  1. (i) is payable to an individual for his own use for some period which exceeds six years or is applicable for the benefit of a named individual for such a period; or
  2. (ii) arises from capital of which the disponor has by the disposition absolutely divested himself in favour or for the benefit of that other person;
shall for the purposes of the enactments relating to Income Tax (including Supertax) be deemed to be the income of the disponor and not to be for those purposes the income of any other person, and where by virtue of this provision any additional Income Tax or Super-tax becomes chargeable on and is paid by the disponor, ho shall be entitled to recover the amount of the tax so paid from any trustee or other person to whom the income is payable by virtue or in consequence of the disposition.

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."