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.