Part II Income Tax, Corporation Tax and Capital Gains Tax
CHAPTER IV Management
Assessments, claims etc.
151 Assessment of trustees etc.
1
Income tax chargeable in respect of income arising to the trustees of asettlement, or to the personal representatives of a deceased person, may beassessed and charged on and in the name of any one or more of the relevanttrustees or, as the case may be, the relevant personal representatives.
F12
In this section “the relevant trustees”—
a
in relation to any income, other than gains treated as arising under Chapter II of Part XIII of the Taxes Act 1988, means the trustees to whom the income arises and any subsequent trustees of the settlement; and
b
in relation to gains treated as arising under Chapter II of Part XIII of the Taxes Act 1988, means the trustees in the year of assessment in which the gains arise and any subsequent trustees of the settlement;
and “the relevant personal representatives” has a corresponding meaning.
3
In this section “personal representatives” has the samemeaning as in section 111 of this Act.
4
This section shall be deemed always to have had effect.