Commentary

D9.531 Trustees

Corporate tax
Corporate tax | Commentary

D9.531 Trustees

Corporate tax | Commentary

D9.531 Trustees

Where an amount is chargeable under these provisions on a disposal of a DDS by trustees:

  1.  

    (a)     it is treated as income of the settlor where other income of the trust is so treated1;

  2.  

    (b)     otherwise it is treated as income of the trustees chargeable to income tax at the rate applicable to trusts for the tax year in which the disposal takes place2.

Tax is not charged on a disposal of a DDS by trustees who are not resident in the United Kingdom and relief is not allowed for losses on

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