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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.10 Income tax and CGT for trustees /Taxation of trustees—income tax / I5.1008 Trust capital receipts taxed as income
Commentary

I5.1008 Trust capital receipts taxed as income


IHT, trusts and estates

Certain receipts which are capital in trust law are deemed to be income for tax purposes1. These provisions do not apply to:

  1. Ìý

    •ÌýÌýÌýÌý to accumulation or discretionary settlements (in whose hands it is income anyway2)

  2. Ìý

    •ÌýÌýÌýÌý to charitable trusts or unit trusts3, or

  3. Ìý

    •ÌýÌýÌýÌý to income from property held by a superannuation fund relating to undertakings outside the UK4.

The capital receipts

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