Income Tax Act 2007 section 15

Income charged at the trust rate and the dividend trust rate

Section 15 acts as a signpost directing you to the provisions that explain when income tax is charged at the trust rate and the dividend trust rate.

• This section does not itself set out the rules for charging income at the trust rate or the dividend trust rate.
• It directs readers to Chapters 3 to 6 of Part 9 of the Income Tax Act 2007 for the detailed circumstances in which these rates apply.
• The trust rate and the dividend trust rate are special rates of income tax that apply to certain income arising within trusts.
• This is a signposting provision, ensuring that anyone looking for the trust rate and dividend trust rate rules can find them in the correct part of the legislation.