Trusts (Income and Capital) Act 2013 section 1

Disapplication of apportionment etc rules

Section 1 abolishes, for trusts created on or after 1 October 2013, several long-standing rules that required trust income and capital to be apportioned between beneficiaries with different interests.

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.