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Part 10U.K.Miscellaneous income

Chapter 3U.K.Beneficiaries' income from estates in administration

Basic amount of estate income: general calculations rulesU.K.

945Discretionary interestsU.K.

The basic amount of estate income relating to a company's discretionary interest in the whole or part of the residue of an estate for an accounting period is the total of the payments made in the accounting period in exercise of the discretion in favour of the company.