Part 10Miscellaneous income

Chapter 3Beneficiaries' income from estates in administration

Introduction

934Charge to tax on estate income

1

The charge to corporation tax on income applies to estate income.

2

In this Chapter—

  • “estate” means the estate of a deceased person (whether a UK estate or a foreign estate), and

  • “estate income” means the income treated under this Chapter as arising from an absolute, limited or discretionary interest in the whole or part of the residue of an estate.

3

If different parts of an estate are subject to different residuary dispositions, those parts are treated for the purposes of this Chapter as if they were separate estates.