# Income Tax Act 2007, Paragraph 519


In section 410(3)(b) (stock dividend income arising to trustees) for the words from “income” to the end substitute “ accumulated or discretionary income (as defined in section 480 of ITA 2007 but excluding income arising under a trust established for charitable purposes only or an unauthorised unit trust in relation to which section 504 of that Act applies) ”.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/519 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-519
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.