Section LE 4 — Income Tax Act 2007: Trustees for minor beneficiaries

LE 4 Trustees for minor beneficiaries When this section applies (1) This section applies when a person who has a tax credit under section LE 1 is the trustee of a trust for a minor who derives beneficiary income from the trust. Trustee treated as beneficiary (2) To the extent to which section HC 7(2) (Trustee income) applies, the person is treated as deriving the minor’s beneficiary income as a beneficiary. Defined in this Act: beneficiary income , minor , tax credit , trustee , Compare: 2004 No 35 ss LB 1(1)(ab) , LB 1A