Discretionary Income distributions

Postby beckied on Mon Oct 09, 2006 10:14 pm

If trustees distribute income but haven't enough income left to pay the tax due can they use income of later years to pay the tax?
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Postby Simon Sweetman on Mon Oct 09, 2006 11:18 pm

They can use what they like to pay the tax, but have presumably over distributed. That may mean a further tax charge and this can get very complicated.
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