Beneficiaries and income tax
I4.540 Estate income received by beneficiaries—generally
The rewriting of the legislation regarding taxation of income received by beneficiaries from an estate in administration contained in ITTOIA 2005, Pt 5, Ch 6 (ss 649–682A), related only to income tax. Where, exceptionally, the beneficiary is a company, those provisions do not apply. For accounting periods ending on or after 1 April 2009 the company rules are in CTA 2009, Pt 10, Ch 3 (ss 934–967).
In several respects, the rewritten legislation uses different wording to that in the former provisions, but usually without altering the practical effect. Articles
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