3 Power to compensate income beneficiary
Trusts (Capital and Income) Act 2013 (2013 c 1) | Legislation

3  Power to compensate income beneficiary

(1)     This section applies in any case where—

(a)     by virtue of section 2 a tax-exempt corporate distribution made by a body corporate is treated for the purposes of a trust to which that section applies as a receipt of capital, and

(b)     the trustees

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