Absolute interests

Applicable rate for determining assumed income entitlement

Assumed income entitlement

Basic amount, calculation

Generally

Inheritance tax on accrued income

Meaning

Residuary income

Successive interests

Administration period, meaning

Aggregate income of the estate

Basic amounts treated as paid, determination

Meaning

Appropriation of assets by personal representatives

Assessments, adjustments and claims at end of administration period

Assumed income entitlement

Basic amount, general calculation rules

Absolute interests

Aggregate income

Discretionary interests

Grossing up, applicable rate

Limited interests

Charge to tax

Discretionary interests

Basic amount, calculation

Generally

Meaning

Dividend income, treated as

Final tax year, meaning

Foreign estates

Absolute interests, relief where UK income tax borne

Limited and discretionary interests, relief for UK income tax borne

Meaning

Income charged

Foreign estates

UK estates

Limited interests

Basic amount, calculation

Generally

Meaning

Successive interests

Person liable

Residuary income

Generally

Inheritance tax on accrued income

Reduction in share of

Shares of

Statements of amounts

Successive interests

Absolute interests

Apportionments

Assumed income entitlement of holder of absolute interest following limited interest

Basic amount of estate income, limited interests

Holders of limited interests

Payments in respect of limited interests followed by absolute interests

Transfer of assets etc. treated as payments

Treated as bearing income tax

Treated as dividend income

UK estate, meaning