SCHEDULES

SCHEDULE 1U.K.Abolition of dividend tax credits etc

Further amendments in ITTOIA 2005U.K.

23U.K.In section 670 (applicable rate for purposes of Step 2 in section 665(1)), after subsection (4) insert—

(4A)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%.