Section 537 — Income Tax Act 2007: Exemption for income from estates in administration

Exemption for income from estates in administration 537 1 If the person liable under section 659 of ITTOIA 2005 for any income tax charged under section 649 of that Act (charge to tax on estate income) is the trustee of a charitable trust, the estate income is not taken into account in calculating total income.

2 Subsection (1) applies so far as the estate income is applied to the purposes of the charitable trust only.

3 In this section “ estate income ” has the same meaning as in Chapter 6 of Part 5 of ITTOIA 2005 (beneficiaries' income from estates in administration) (see section 649(2) of that Act).