Income Tax: Low income trusts and estates
We welcome views on legislative proposals to remove trusts and death estates with small amounts of income from Income Tax.
Detail
This consultation seeks views on proposals to formalise and extend a concession that removes trusts and estates from Income Tax where the only source of income is savings interest and the tax liability is below £100.
It will be of interest to trustees and personal representatives of low-income trusts and estates. Responses will inform the design of the necessary legislation.
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