The definitions of legal terms contained in this glossary do not generally apply in Scotland. Staff in HMRC Trusts Edinburgh will have access to alternative glossaries.

A

Abatement

Abatement is the proportional reduction of a legacy. It is necessary when an estate is insufficient to meet a legacy in full.

Absolute interest

TSEM6201, TSEM6202, TSEM6204,

Absolute interest is a full and complete interest in both income and capital. It can refer to the present or to the future when the interest vests.

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