Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Income Tax Act 2007

Crossheading Application of property for non-heritage purposes: charge to tax

  • Section 512 Charge to tax on some settlements
  • Section 513 Income charged
  • Section 514 Persons liable
  • Section 515 Rate of tax
  • Section 516 Transfer of property between settlements
  • Section 517 Exemption for income treated as income of settlor
  1. Application of property for non-heritage purposes: charge to tax
  2. Rate of tax

Section 515 | Rate of tax

From legislation.gov.uk

Tax is charged under section 512 at the rate found by—

(a)taking the additional rate for the tax year during which the charge arises, and

(b)reducing it by the trust rate for that year.

PreviousNext
PrivacyTerms