Section 43 Special rates of charge for development gains accruing to trustees, personal representatives or unit trust schemes.

(1)

Income arising in a year of assessment by virtue of section 38(2) of this Act to trustees or to the personal representatives of a deceased person as such or to an unauthorised unit trust shall (unless chargeable to income tax under any of the following provisions of this section) be chargeable to income tax at a rate equal to the sum of the basic rate and the additional rateF1for that year.F2. . .

(2)

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Annotations

Textual amendments

F1: See Finance Act 1984 (c. 43, SIF 63:1), s. 17(3)—additional rate of 15per cent. for Finance Act 1984 (c. 43, SIF 63:1), -85.
F2: Words repealed by Finance Act 1984 (c. 43, SIF 63:1), ss. 17(2), 128(6), Sch. 7 paras. 3(4), 23, Sch. 7 Part VI
F3: S. 43(2) repealed by 1980 s.122and Sch.20 Part Xwith effect in relation to disposals after 31March 1980.)