Part 2

Basic provisions
Chapter 2

Rates at which income tax is charged

The rates

The trust rate and dividend trust rate
9
1
The trust rate is 45%.
2
The dividend trust rate is 39.35%.
Word in s. 9(2) substituted (with effect for the tax year 2022-23 and subsequent tax years) by Finance Act 2022 (c. 3), s. 4(2)(3)
Words in s. 9(1) substituted (17.7.2012) (with effect in accordance with s. 1(6) of the amending Act) by Finance Act 2012 (c. 14), s. 1(3)(b)