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Income Tax (Trading and Other Income) Act 2005 section 669
Reduction in residuary income: inheritance tax on accrued income
Section 669 provides relief where income that accrued before a person's death is subject to both inheritance tax (as part of the deceased's estate value) and income tax (as part of the estate's residuary income), by allowing a reduction in residuary income to prevent a double tax charge on higher and additional rate taxpayers.
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