Income of deceased person, etc
(1)
The income accrued to, or received prior to the date of the death
of a deceased person which would, but for his death, have been assessed and
charged to tax on him for a year of income shall, subject to section 79(1)(d), be
assessed on, and the tax charged on, his executors or administrators for that year
of income.(2)
An amount received by the executors or administrators of a
deceased person which would, but for his death, have been his income for a year
of income shall be deemed to be income of his executors or administrators and
shall be assessed on, and the tax charged on them for that year of income.(3)
Where executors or administrators distribute the estate of a deceased
person before a change in the rate of tax at which they are liable in respect of a
year of income, they shall not be liable in respect of any increased tax resultant
from that change.