Explanatory Notes

Corporation Tax Act 2009

2009 CHAPTER 4

26 March 2009

Commentary on Sections

Part 10: Miscellaneous income

Chapter 3: Beneficiaries’ income from estates in administration
Overview
Section 944: Limited interests

2376.This section explains how to calculate the basic amount of estate income for limited interests. It is based on section 695(2) to (4) of ICTA. The corresponding rule for income tax is in section 661 of ITTOIA.