537. Charge to tax on estate income.

Estate income treated as arising1 from an absolute2, limited3 or discretionary4 interest in the whole or part of the residue of an estate of a deceased person during the administration period5 (whether a UK estate or a foreign estate6) is treated as income of the beneficiary7 and charged to tax8. If different parts of an estate are subject to different residuary dispositions, those parts are treated as if they were separate estates9.

In the case of a UK estate, tax is charged on the amount of estate income treated as arising in the tax year or accounting period10, being the