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HMRC internal manual

Trusts, Settlements and Estates Manual

From
HM Revenue & Customs
Updated
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Trust income and gains: Accrued Income Scheme: trust tax pool

ITA/S479ICTA88/S687

TSEM3020 explains which trusts are within ITA/S479. The tax that these trusts suffer on accrued income profits goes into the trust tax pool. It is available to frank income payments to beneficiaries.