SCHEDULES
SCHEDULE 1Abolition of dividend tax credits etc
23Further amendments in ITTOIA 2005
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%.