Income Tax (Trading and Other Income) Act 2005(c. 5) - Explanatory Notes

Explanatory Notes

Income Tax (Trading and Other Income) Act 2005

2005 CHAPTER 5

24 March 2005

Commentary on Sections

Part 5: Miscellaneous income

Chapter 6: Beneficiaries’ income from estates in administration

Section 667: Shares of residuary income of estate

2543. This section is based on section 696 of ICTA. It explains the rules for determining the share of residuary income treated as arising from a person’s absolute interest in the whole or part of the residue of an estate.