PIM4474 - Property allowance: contents: other considerations: trusts
Beneficiaries who are entitled to property income from an interest in possession trust and are chargeable to income tax on the amount of income they are entitled to, under ITTOIA05/S271, are eligible for the property allowance. Where the income from a trust is not chargeable under ITTOA05/S271, the property allowance cannot apply to that income.
For more information on income in possession trusts see TSEM11000