This is the original version (as it was originally enacted).
57TMA 1970 is amended as follows.
58After section 30A insert—
(1)Income tax charged on income arising to trustees of a settlement may be assessed and charged on, and in the name of, any one or more of the assessable trustees.
(2)Income tax charged on income arising to the personal representatives of a deceased person may be assessed and charged on, and in the name of, any one or more of the assessable representatives.
(3)In subsection (1) “the assessable trustees” means—
(a)the trustees of the settlement in the tax year in which the income arises, and
(b)any subsequent trustees of the settlement.
(4)In subsection (2) “the assessable representatives” means—
(a)the persons who, in the tax year in which the income arises, are personal representatives of the deceased person, and
(b)any subsequent personal representatives of the deceased person.”
59FA 1989 is amended as follows.
60Omit section 151 (assessment of trustees and personal representatives).
61ITTOIA 2005 is amended as follows.
62In Schedule 2 (transitionals and savings etc) omit paragraph 91 (interpretation of section 151(2) of FA 1989).
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