Part 5

Miscellaneous income
Chapter 6

Beneficiaries' income from estates in administration

General

Income treated as dividend income
680A
1
This section applies to estate income that—
a
by virtue of section 663 (applicable rate for grossing up basic amounts of estate income) is treated as bearing income tax at the ordinary dividend rate, or
b
by virtue of that section and section 680
(2A)
(income treated as bearing income tax: dividends and loans to a participator in close company) is treated as bearing income tax at 0%.
2
The income is treated as being dividend income.
S. 680A substituted (6.4.2023 in relation to the tax year 2023-24 and subsequent tax years) by Finance (No. 2) Act 2023 (c. 30), Sch. 2 paras. 4(2), 14(2)(a)