Income Tax (Trading and Other Income) Act 2005 (c. 5)

Part 5 Miscellaneous income

Chapter 6 Beneficiaries' income from estates in administration

Basic amount of estate income: general calculation rules

662 Basic amount of estate income: discretionary interests

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.