Imputation of property rental income to holders of beneficial rights
Technical details
Summary
A legatee entitled to 10% of the sale value of a property asks whether rental income should be imputed to them or to those with use and enjoyment. The DGT states that rental income is attributable to holders of beneficial rights.
In 6 key points
How it affects those involved
Rental income is attributed to beneficiaries of beneficial rights, not to legatees or property owners.