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Legislation
Corporation Tax Act 2009

Crossheading Basic amount of estate income: general calculations rules

  • Section 943 Absolute interests
  • Section 944 Limited interests
  • Section 945 Discretionary interests
  • Section 946 Applicable rate for grossing up basic amounts of estate income
  • Section 947 Aggregate income of the estate
  1. Basic amount of estate income: general calculations rules
  2. Limited interests

Section 944 | Limited interests

From legislation.gov.uk

(1)The basic amount of estate income relating to a company's limited interest in the whole or part of the residue of an estate for an accounting period is the total of the sums within section 939(2)(b), (3)(c) and (4)(c) for that period.

(2)This does not apply, and section 958 applies instead, if the limited interest is one to which section 957 (successive interests: holders of limited interests) applies.

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