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of <h1>Representative assessee income taxed at maximum marginal rate unless beneficiaries/shares are specified; charitable trust portions follow special association rules</h1> Where income is received by a representative assessee but is not specifically payable to identifiable beneficiaries or their individual shares are unknown, tax on that 'relevant income' is charged at the maximum marginal rate unless specified exceptions apply, in which case it may be taxed as the total income of an association of persons. Special rules treat income from trusts wholly or partly for charitable or religious purposes: exempt amounts under charitable provisions are excluded, the charitable portion is taxed as an association of persons on the non-exempt part, and the non-charitable portion is taxed at the maximum marginal rate subject to similar exceptions. An income is deemed specific only if beneficiaries and shares are expressly stated and ascertainable in the governing instrument.
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