Part 5

Miscellaneous income
Chapter 6

Beneficiaries' income from estates in administration

Income charged and person liable

Income charged: foreign estates
657
1
In the case of a foreign estate, tax is charged under section 649 on the full amount of estate income treated as arising in the tax year.
2
That amount depends on whether the estate income arising in the tax year is paid from sums within section 680(3) or (4) (sums treated as bearing income tax).
3
So far as the estate income is paid from such sums, that amount is the basic amount of that income for the tax year grossed up by reference to the applicable rate for that year (see section 663).
4
That gross amount is treated as having borne income tax at that rate.
5
So far as the estate income is not paid from sums within section 680(3) or (4), the amount of estate income treated as arising in the tax year is the basic amount of that income for that year.