SCHEDULES

SCHEDULE 2Transitionals and savings etc.

Part 8Miscellaneous income

Beneficiaries' income from estates in administration: income treated as bearing income tax

137

A sum treated as part of the aggregate income of an estate by virtue of section 547(1)(c) of ICTA (gains from life insurance contracts etc.) as the result of an event that occurred before 6th April 2004 is treated for the purposes mentioned in section 680 of this Act as bearing income tax at the basic rate.