Part 5Miscellaneous income
Chapter 6Beneficiaries' income from estates in administration
Types of estate income
655Estate income: discretionary interests in residue
1
Income is treated as arising in a tax year from a person's discretionary interest in the whole or part of the residue of an estate if a payment is made in the tax year in exercise of the discretion in that person's favour.
2
Income treated as arising as a result of this section is estate income for the purposes of this Chapter.