HC Deb 06 April 1965 vol 710 c309

Motion made, and Question, 12. That provision shall be made, as respects any settlement on or after 7th April 1965—

  1. (a) for treating as the income of the settlor for the purposes of surtax any income arising under the settlement which is payable to or applicable for the benefit of an individual or individuals and is not income from property of which the settlor has divested himself absolutely by the settlement or income which is otherwise to be treated as the income of the settlor;
  2. (b) for including among the cases in which, for the purposes of surtax on income arising under any settlement, a settlor is treated as not having divested himself absolutely of any property cases where that property, or any property or income directly or indirectly derived from it, is, or will or may become, payable to or applicable for the benefit of the wife or husband of the settlor.—[Mr. Callaghan.]

put and agreed to.