Section 30AA — Taxes Management Act 1970: Assessing income tax on trustees and personal representatives

Assessing income tax on trustees and personal representatives 30AA 1 Income tax charged on income arising to trustees of a settlement may be assessed and charged on, and in the name of, any one or more of the assessable trustees.

2 Income tax charged on income arising to the personal representatives of a deceased person may be assessed and charged on, and in the name of, any one or more of the assessable representatives.

3 In subsection (1) “ the assessable trustees ” means—

a the trustees of the settlement in the tax year in which the income arises, and b any subsequent trustees of the settlement.

4 In subsection (2) “ the assessable representatives ” means—

a the persons who, in the tax year in which the income arises, are personal representatives of the deceased person, and b any subsequent personal representatives of the deceased person.