Section 413 | Person liable

(1)The person liable for any tax charged under this Chapter is the person indicated by this section.

(2)If section 410(2) applies, the individual is liable for the tax.

(3)If section 410(3) applies, the trustees are liable for the tax.

(4)If section 410(4) applies, tax is not charged under this Chapter, but see—

(a)section 664 (under which the income treated as arising to the personal representatives under section 410 is treated as part of the aggregate income of the estate for the purposes of Chapter 6 of Part 5), and

(b)section 947 of CTA 2009 (under which similar provision is made for the purposes of Chapter 3 of Part 10 of that Act).

(5)If two or more persons are entitled to the share capital on the issue of which the stock dividend income arises, this Chapter applies as if the company issuing it had issued to each of those persons a proportionate part of the share capital.

(6)In subsection (5) “proportionate part” means a part proportionate to the person's interest on the earliest date on which the company is required to issue the share capital.