Section 463 — Income Tax Act 2007: Interpretation of Part

Interpretation of Part 463 1 In this Part— “ other income ” means income which is not property income, dividends income or savings income, and “ the trustees of a settlement ” does not include personal representatives.

2 References in this Part to the trust rate income for a tax year of the trustees of a settlement are references to the trustees' net income for the tax year so far as it includes amounts on which income tax is charged at the property trust rate, the savings trust rate or the dividend trust rate or at the trust rate (ignoring Chapters 4 and 6).