Overview Finance Act 2000 Section 44
3287.This section requires the apportionment of trustees’ expenses in a case where any income of a trust would be treated as the income of a settlor but for the fact that it is given to or arises to a charity. The amended section 44 of FA 2000 applies to the calculation of a beneficiary’s income for corporation tax purposes. New section 646A of ITTOIA makes corresponding provision for income tax.