– see also Estate income

Absolute interest in residue

Assumed income entitlement

Calculation of amount

Foreign estates having borne UK income tax, relief

Generally

Rate for determining assumed income entitlement, UK estates

Reduction in share of residuary income

Residuary income

Share of residuary income

Successive interests

Adjustments of tax

Aggregate income

Basic amounts treated as paid

Generally

Income treated as bearing income tax

Assessments

Charge to tax

Foreign estates, amount charged

Generally

Grossing up income

UK estates, amount charged

Discretionary interest in residue

Calculation of amount

Generally

Relief for foreign estates having borne UK income tax

Discretionary payments by trustees

Employment income

Generally

Grossing up

Income tax charged on trustees

Relief for trustees

Statements about deduction of income tax

Foreign estate

Absolute interests, relief

Amount charge to tax

Discretionary interests, relief

Limited interests, relief

Meaning

Grossing up amounts

Limited interest in residue

Calculation of amount

Generally

Personal representatives

Appropriation of assets

Statements

Repayments of tax

Statements

Successive interests

Absolute interests

Apportionments

Assumed income entitlement of absolute interest holder following limited interest

Generally

Limited interests

Limited interests following absolute interests

Transfer of assets treated as payments

Trustees' expenses affecting

Generally

How expenses are taken into account

Non-UK resident beneficiaries

Restriction on use of expenses

Untaxed income, meaning

UK estate, meaning