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HMRC internal manual

Trusts, Settlements and Estates Manual

HM Revenue & Customs
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Introduction to trusts: types of trust: mixed trust

A mixed trust is one where there are distinct parts of the trust fund so that the income may be taxable on more than one basis. For example, a trust may be

  • part accumulation/discretionary and part interest in possession, or
  • part settlor-interested and part non-settlor-interested.