Commentary

I4.545 Tax on estate income—foreign estates

IHT, trusts and estates

I4.545 Tax on estate income—foreign estates

I4.545 Tax on estate income—foreign estates

A beneficiary is charged to income tax for a tax year, or corporation tax for an accounting period, on the basic amount of estate income applicable to the beneficiary's interest, determined by the rules applicable to the nature of the interest in the residue of the estate (see I4.546–I4.550). The amount is not grossed up, except in the case of income treated as bearing income tax (see I4.533), which, before 6 April 2016, was grossed up at:

  1.  

    (a)     the dividend ordinary rate for dividends etc from UK companies, stock dividends and a release of

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial