Related HMRC Manuals

952(1)  The applicable rate by reference to which income tax on a company's share of the residuary income of the estate is calculated for the purposes of step 2 of the calculation in section 948(1) depends on the rate at which income tax is borne by the aggregate income of the estate for the tax year in question.

952(2)  If the aggregate income of the estate all bears income tax at the same rate, the applicable rate is that rate.

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