Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Basic amount of estate income: general calculation rules

  • Section 660 Basic amount of estate income: absolute interests
  • Section 661 Basic amount of estate income: limited interests
  • Section 662 Basic amount of estate income: discretionary interests
  • Section 663 The applicable rate for grossing up basic amounts of estate income
  • Section 664 The aggregate income of the estate
  1. Basic amount of estate income: general calculation rules
  2. Basic amount of estate income: discretionary interests

Section 662 | Basic amount of estate income: discretionary interests

From legislation.gov.uk

The basic amount of estate income relating to a person's discretionary interest in the whole or part of the residue of an estate for a tax year is the total of the payments made in the tax year in exercise of the discretion in favour of the person.

PreviousNext
PrivacyTerms