TSEM8305 | Trust management expenses: IIP trusts: introduction

Sections TSEM8310 - 8315 explain how TMEs affect IIP trustees.

Sections TSEM8320 - 8375 explain what trust management expenses are allowable for IIP beneficiaries in the light of tax law and the relevant case law. It also explains the method of taking TMEs into account when computing the income tax liability of the IIP beneficiary.

General guidance on the taxation of IIP beneficiaries can be found in TSEM3760 - 3773 and TSEM3786-3787.