Applying the multiplier of 1.8 (see para 3.28), the induced income arising from personal expenditures can be calculated.

If the settlor retains an interest in a settlement, the income arising is taxable as part of the settlor's own personal income.

You may still need to complete questions 9.1 to 9.40 if the tax credits attached to the income arising are needed for calculations later in the return.

The income and growth arising from investments made by a pension fund are entirely free of UK taxes.

Transfers between husband and wife remain tax free, although any income arising from such a gift will of course be taxed.

The fact that the trustees had to retain some monies to cover expenses did not prevent the income arising from the specific assets.

The income arising to the trustees was applied for the benefit of the respondent's son who was infant and unmarried.

There is an overseas trust which received income arising from overseas possessions and securities.

The taxpayer is assessed on the income arising to the settlement on a remittance basis.

The income arising is taxed at 10%.