2010 Pennsylvania Code
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 81 - Principal and Income
8165 - Transfers from income to reimburse principal.

     § 8165.  Transfers from income to reimburse principal.
        (a)  Permissible reimbursements.--A trustee may transfer an
     appropriate amount from income to principal in one or more
     accounting periods to reimburse principal or to provide a
     reserve for future disbursements if the trustee makes or expects
     to make a disbursement from principal which is allocable to
     income under section 8161 (relating to mandatory disbursements
     from income) or 8163 (relating to discretionary allocation of
     disbursements) and which:
            (1)  is paid from principal because it is unusually
        large; or
            (2)  is made to prepare property for rental, including
        tenant allowances, leasehold improvements and broker's
        commissions.
        (b)  Continued transfers.--If the asset whose ownership gives
     rise to the disbursements becomes subject to a successive income
     interest after an income interest ends, a trustee may continue
     to transfer amounts from income to principal as provided in
     subsection (a).
        (c)  Application.--This section shall not apply to the extent
     the trustee has been or expects to be reimbursed by a third
     party.