Commentary on Sections Part 10: Miscellaneous income Overview Section 952: Applicable rate for determining assumed income entitlement (UK estates)
2398.This section sets out the calculation of the applicable rate for the purposes of calculating income tax to be deducted from the residuary income at step 2 of section 948(1). The section is based on section 701(3A) of ICTA. The corresponding rule for income tax is in section 670 of ITTOIA.