8(1)Chapter 3 of Part 10 of CTA 2009 (beneficiaries’ income from estates in administration) is amended as follows.
(2)In section 936 (meaning of “UK estate” and “foreign estate”), in subsections (4) and (5), after “section 963(3)” insert “, (3A)”.
(3)In section 963 of CTA 2009 (income treated as bearing income tax)—
(a)in subsection (2), after “within subsection (3)” insert “, (3A)”;
(b)in subsection (3), omit paragraph (b) (and the “or” immediately before it);
(c)after subsection (3) insert—
“(3A)A sum that is part of the aggregate income of the estate because of falling within section 947(2)(c) (stock dividends) or (d) (release of loans to participator in close company: loans and advances to persons who die) is treated as bearing income tax at 0%.”