Part 13 U.K. Other special types of company etc

Chapter 1 U.K. Corporate beneficiaries under trusts

Trustees' expenses U.K.

611 Income tax provisions to apply in relation to trustees' expenses U.K.

(1) This section applies in a case of a kind mentioned in section 499(1) of ITA 2007 (beneficiary entitled to some or all of the income arising to trustees of a settlement).

(2) In relation to the reduction of the beneficiary's income by reference to expenses of the trustees, sections 500 and 503 of ITA 2007 apply for corporation tax purposes as they apply for income tax purposes.