Related HMRC Manuals

935(1)  A person has an absolute interest in the whole or part of the residue of an estate for the purposes of this Chapter if–

(a)the capital of the residue or that part is properly payable to the person, or

(b)it would be so payable if the residue had been ascertained.

935(2)  A person has a limited interest in the whole or part of the residue of an estate during any period for the purposes of this Chapter if–

(a)the person does not have an absolute interest in it, and

(b)the income from it would be properly payable to the person if the residue had been ascertained at the beginning of that period.

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