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.



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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