962(1)  The part of the aggregate income of the estate from which a basic amount is treated as paid is determined by applying assumptions A and B in that order.

962(2)  Assumption A is that if there are different persons with interests in the residue of the estate, payments in respect of their basic amounts are paid out of the different parts of the aggregate income of the estate in such proportions as are just and reasonable for their different interests.

962(3)  Assumption B is that payments are made from those parts in the following order–

(a)income bearing income tax at the basic rate, and

(b)income bearing income tax at the dividend ordinary rate.

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