(1)This section applies in the case of the death of a person who would otherwise have been liable to tax under this Chapter on adjustment income.
(2)The tax under this Chapter for which the person would otherwise have been liable—
(a)is to be assessed and charged on the personal representatives, and
(b)is to be a debt due from and payable out of the deceased's estate.
(3)The personal representatives may make any election under this Chapter that the deceased might have made.