# Income Tax (Trading and Other Income) Act 2005, Section 662: Basic amount of estate income: discretionary interests


The basic amount of estate income relating to a person's discretionary interest in the whole or part of the residue of an estate for a tax year is the total of the payments made in the tax year in exercise of the discretion in favour of the person.

---
Source: https://www.legislation.gov.uk/ukpga/2005/5/section/662 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-662
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.