Chapter 6U.K.Beneficiaries' income from estates in administration
Basic amount of estate income: general calculation rulesU.K.
662Basic amount of estate income: discretionary interestsU.K.
The basic amount of estate income relating to a person's discretionary interest in the whole or part of the residue of an estate for a tax year is the total of the payments made in the tax year in exercise of the discretion in favour of the person.