Part 10

Special rules about charitable trusts etc

Other exemptions

Exemption for income from estates in administration
537
1
If the person liable under section 659 of ITTOIA 2005 for any income tax charged under section 649 of that Act (charge to tax on estate income) is the trustee of a charitable trust, the estate income is not taken into account in calculating total income.
2
Subsection (1) applies so far as the estate income is applied to the purposes of the charitable trust only.
3
In this section “estate income” has the same meaning as in Chapter 6 of Part 5 of ITTOIA 2005 (beneficiaries' income from estates in administration) (see section 649(2) of that Act).