TSEM3770 - Trust income and gains: beneficiaries: beneficiary entitled to trust income - trust that trades or has rental income - general
Where a trust has a trade or a rental business, it may incur expenses, or claim Capital Allowances or losses. »Ê¹ÚÌåÓýappse items may affect the taxation of the IIP beneficiary.
TSEM3771 gives guidance on business expenses. TSEM3772 gives guidance on Capital Allowances. TSEM3773 gives guidance on losses.