537Exemption for income from estates in administrationU.K.
This section has no associated Explanatory Notes
(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).