Section 941 — Corporation Tax Act 2009: UK estates

UK estates 941 1 In the case of a UK estate, the charge to tax under section 934 is a charge on the amount of estate income treated as arising in the accounting period.

2 That amount is the basic amount of that income for the accounting period (see subsection (4)), grossed up by reference to the applicable rate ... (see section 946).

3 The gross amount is treated as having borne income tax by deduction at that rate.

4 In this Chapter “ the basic amount ”, in relation to estate income, has the meaning given by—

a section 943 (basic amount of estate income: absolute interests),

b section 944 (basic amount of estate income: limited interests),

c section 945 (basic amount of estate income: discretionary interests),

and d section 958 (basic amount of estate income: successive limited interests).