If the invalid direction to accumulate is contained in a will, the income for the excess period devolves as on a lapse of an interest held for the void excess1, and therefore, if not itself the income of a residuary estate, falls into residue, if any2, and forms part of the income of that residue3. If the direction is for accumulation of the residuary estate itself, or there is no residuary gift, the income for the excess period passes as on an intestacy4. Where the testator died after 31 December 1925, the income, whether derived
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