Tax treatment of distribution of accumulated income in A & M trusts

[eddybee]

I had been under the impression that income in A & M trusts could be accumulated and distributed in later years to the beneficiaries as income (with the tax pool brought forward being utlised)- this seems to be borne out by an answer on an earlier thread

the Revenue Trust tax return guide (page 23) re Q14 ("Have any discetionary payments of income been made to beneficiaries?") says that "Payments out of trust capital or accumulated income are not to be regarded as the income of a beneficiary....and should not therefore be included".

Does this mean that the tax pool can only be used in respect of distributions of income from the current tax year?

Does this mean that the tax pool can only be used in respect of income distributions of the current tax y