Related Commentary  

483(1)  This section applies if, during or at the end of the administration period for an estate–

(a)the personal representatives pay the trustees of a settlement a sum representing income of the personal representatives, and

(b)if this Chapter had applied to personal representatives, income tax would have been charged on that income at the dividend trust rate or at the trust rate.

483(2)  The sum is treated as–

(a)being paid as income, and

(b)having borne income tax at the applicable rate.

483(3)  In this section–

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