TSEM3014 - Trust income and gains: the charge on trustees : standard rate band - income and certain capital receipts

From 2006-07 to 2023-24, the standard rate band (SRB) applied to any income or deemed income that was otherwise chargeable at the trust rates or dividend trust rates. It therefore applied not only to income that can be accumulated or paid at discretion (ITA/S479) but also to certain capital receipts that are deemed to be income when received by both discretionary and non-discretionary trusts. See TSEM3018.

From 6 April 2024, the standard rate band provisions are withdrawn.