Commentary on Sections Overview Overview
1386.This Chapter provides the main rules about which income is to be charged at either the trust rate or the dividend trust rate.
1387.The main category is “accumulated or discretionary income” which, broadly, is income which is income of trustees under trust law and which is not assessable as income of any beneficiary.
1388.The Chapter also deals with other specific types of receipt to which one or other of the special trust rates apply.