Section 515 Rate of tax
United Kingdom
Tax is charged under section 512 at the rate found by—
(a)
taking the F1additional rate for the tax year during which the charge arises, and
(b)
reducing it by the trust rate for that year.
Annotations
Textual amendments
- F1
Words in s. 515(a) substituted (with effect in accordance with Sch. 2 para. 25 of the amending Act) by Finance Act 2009 (c. 10), Sch. 2 para. 7