Part 9Special rules about settlements and trustees

Chapter 1Introduction

463Interpretation of Part

1

In this Part—

  • “other income” means income which is neither dividend income nor savings income, and

  • “the trustees of a settlement” does not include personal representatives.

2

References in this Part to the trust rate income for a tax year of the trustees of a settlement are references to the trustees' net income for the tax year so far as it includes amounts on which income tax is charged at the dividend trust rate or at the trust rate (ignoring Chapters 4 and 6).