Related Commentary  Related HMRC Manuals

59(1)  In this Chapter “qualifying interest in possession”  means–

(a)an interest in possession–

(i)to which an individual is beneficially entitled, and

(ii)which, if the individual became beneficially entitled to the interest in possession on or after 22nd March 2006, is an immediate post-death interest, a disabled person’s interest or a transitional serial interest, or

(b)an interest in possession to which, where subsection (2) below applies, a company is beneficially entitled.

59(2)  This subsection applies where–

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