Related HMRC Manuals

939(1)  Income is treated as arising in an accounting period from a company's limited interest in the whole or part of the residue of an estate in cases A, B and C.

939(2)  Case A is where–

(a)the interest has not ceased before the beginning of the accounting period, and

(b)a sum is paid in respect of the interest in that period and before the end of the administration period.

939(3)  Case B is where–

(a)the accounting period is the final accounting period,

(b)the interest has not ceased before the beginning of that period, and

(c)a sum remains payable in respect of the interest at the end of the administration period.

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