# Corporation Tax Act 2009, Section 940: Discretionary interests in residue


(1) Income is treated as arising in an accounting period from a company's discretionary interest in the whole or part of the residue of an estate if a payment is made in the accounting period in exercise of the discretion in the company's favour.
(2) Income treated as arising as a result of this section is estate income for the purposes of this Chapter.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/940 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-940
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.