Accumulated income

Trust ( www.practicallaw.com/4-107-7416) income that the trustees ( www.practicallaw.com/8-107-7419) have decided to add to the capital of the trust, rather than to pay out to (or for the benefit of) any of the beneficiaries ( www.practicallaw.com/9-382-5565) of the trust.

Trustees can accumulate income only if they have an express power to do so or the power in section 31 of the Trustee Act 1925 to accumulate income for minors ( www.practicallaw.com/8-382-5716) applies. An express power may be restricted to an accumulation period ( www.practicallaw.com/3-382-5530) .

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247244879117", "objName" : "Accumulated income", "userID" : "2", "objUrl" : "http://uk.practicallaw.com/cs/Satellite/resource/7-382-5528?null", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "true", "analyticsPermCookie" : "2-40e00097:15b19122c8f:1cf0", "analyticsSessionCookie" : "2-40e00097:15b19122c8f:1cf1", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }