| Commentary

49 General

| Commentary

H: TAX TREATMENT OF EQUITABLE INTERESTS

49 General

The following is a brief outline of the basic tax treatment of equitable interests in so far as that differs from the tax treatment of other property. No attempt is here made to deal with the tax treatment of trusts and settlements generally1, except in so far as an examination of the treatment of equitable interests necessitates it.

As the types of dealings with equitable interests with which this title is concerned do not in general have any income tax consequences, that tax is not discussed; for the general treatment

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