Income Tax (Trading and Other Income) Act 2005 section 274B

Reduction for accumulated or discretionary trust income: entitlement

Section 274B sets out when trustees of a settlement with accumulated or discretionary income from a property business are entitled to a basic rate tax reduction in respect of finance costs disallowed under the restriction on residential property finance cost deductions.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.