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Distributions to an absolute beneficiary or to a life tenant- applications by beneficiaries for relief at source

You may receive an application for relief at source from United Kingdom income tax, especially where the income is from

• FOTRAs
• Royalties
• Interest

FOTRAs

If you are satisfied that relief is due

• advise the trustees that they can make payments to the beneficiary without deducting tax
• notify HM Revenue & Customs

Royalties

If you are satisfied that relief is due

• authorise the trustees to make payments to the beneficiary without deducting tax, or at the rate specified in the royalty article of the agreement if appropriate
• notify HM Revenue & Customs

Interest

If the application relates to a loan and you are satisfied that relief is due, issue a direction to the payer.

If the application relates to Bank or Building Society interest, we cannot process it. »Ê¹ÚÌåÓýapp trustees may approach the Bank or Building Society direct to find out whether they operate any scheme which will allow payment without deduction of tax.