957(1)  This section applies if–

(a)two or more interests in the whole or part of the residue of an estate are held successively during the administration period by different persons,

(b)the earlier or, if there are more than two, the earliest of the interests is a limited interest, and

(c)each later interest arises or is created on the cessation of the previous interest otherwise than by death.

957(2)  Income is treated as arising from a limited interest in the whole or part of the residue of the estate in an accounting period in cases A, B and C.

957(3)  Case A is where–

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