Part 5Miscellaneous income
Chapter 6Beneficiaries' income from estates in administration
General
680AF1Income treated as dividend income
1
This section applies to estate income that—
a
by virtue of section 663 (applicable rate for grossing up basic amounts of estate income) is treated as bearing income tax at the ordinary dividend rate, or
b
by virtue of that section and section 680(2A) (income treated as bearing income tax: dividends and loans to a participator in close company) is treated as bearing income tax at 0%.
2
The income is treated as being dividend income.