TSEM10260 - Non-resident trusts: trustees’ chargeability: Income Tax - interest in possession trusts
The trustees of a non-resident IIP trust are chargeable at the basic rate on the trust’s UK-source income, without any deduction for trust management expenses.
The trustees are also taxable at the special trust rates on certain receipts that are deemed to be income under ITA07/Ss481-482 - see TSEM3201