Paragraph 50 ITTOIA 2005

In section 669 (reduction in residuary income: inheritance tax on accrued income), in subsection (3), omit the “and” before paragraph (b) and after that paragraph insert—

“(c)

income charged at the property additional rate or the property higher rate were charged at the property basic rate, and

(d)

income charged at the savings additional rate or the savings higher rate were charged at the savings basic rate.”