SCHEDULES
SCHEDULE 1Abolition of dividend tax credits etc
Further amendments in ITTOIA 2005
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In section 663 (applicable rate for purposes of grossing-up under sections 656 and 657), after subsection (4) insert—
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The aggregate income of the estate, so far as it consists of income within section 664(2)(c) or (d), is treated for the purposes of this section as bearing income tax at 0%.