(1)Income tax is charged on estate income.
(2)In this Chapter—
“estate income” means the income treated under this Chapter as arising from an absolute, limited or discretionary interest in the whole or part of the residue of an estate, and
“estate” means the estate of a deceased person (whether a UK estate or a foreign estate).
(3)Estate income is treated as income for income tax purposes.
(4)If different parts of an estate are subject to different residuary dispositions, those parts are treated for the purposes of this Chapter as if they were separate estates.