[F1681BHigh income child benefit chargeU.K.
(1)A person (“P”) is liable to a charge to income tax for a tax year if—
(a)P's adjusted net income for the year exceeds £50,000, and
(b)one or both of conditions A and B are met.
(2)The charge is to be known as a “high income child benefit charge”.
(3)Condition A is that—
(a)P is entitled to an amount in respect of child benefit for a week in the tax year, and
(b)there is no other person who is a partner of P throughout the week and has an adjusted net income for the year which exceeds that of P.
(4)Condition B is that—
(a)a person (“Q”) other than P is entitled to an amount in respect of child benefit for a week in the tax year,
(b)Q is a partner of P throughout the week, and
(c)P has an adjusted net income for the year which exceeds that of Q.]
Textual Amendments
F1Pt. 10 Ch. 8 inserted (with effect in accordance with Sch. 1 para. 7 of the amending Act) by Finance Act 2012 (c. 14), Sch. 1 para. 1