Related Commentary  Related CasesRelated HMRC Manuals

49(1)  A person beneficially entitled to an interest in possession in settled property shall be treated for the purposes of this Act as beneficially entitled to the property in which the interest subsists.

49(1A)  Where the interest in possession mentioned in subsection (1) above is one to which the person becomes beneficially entitled on or after 22nd March 2006, subsection (1) above applies in relation to that interest only if, and for so long as, it is–

(a)an immediate post-death interest,

(b)a disabled person’s interest, or

(c)a transitional serial interest

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