Part 5 U.K. Miscellaneous income

Chapter 6 U.K. Beneficiaries' income from estates in administration

Types of estate income U.K.

655 Estate income: discretionary interests in residue U.K.

(1) Income is treated as arising in a tax year from a person's discretionary interest in the whole or part of the residue of an estate if a payment is made in the tax year in exercise of the discretion in that person's favour.

(2) Income treated as arising as a result of this section is estate income for the purposes of this Chapter.