500 Restrictions on use of trustees' expenses to reduce the beneficiary's income
Income Tax Act 2007 (2007 c 3) | Legislation

500  Restrictions on use of trustees' expenses to reduce the beneficiary's income

(1)     Expenses of the trustees can be used to reduce the beneficiary's income for income tax purposes only so far as—

(a)     the expenses are incurred by the trustees in the current tax year or in an earlier tax year, and

(b)     as a result

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