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HMRC internal manual

Trusts, Settlements and Estates Manual

From
HM Revenue & Customs
Updated
, see all updates

Trust income and gains: beneficiaries: beneficiary entitled to trust income - guidance

TSEM3760-TSEM3773 gives general guidance on the taxation of ‘interest in possession’ (‘IIP’) beneficiaries.

TSEM8410-TSEM8490 gives guidance on IIP beneficiaries and trust management expenses (TMEs).