If two or more absolute interests in the whole or the same part of the residue1 of an estate are held successively during the administration period2 by different persons or companies, then in determining whether a person or a company with a later such interest ('the later holder') has an assumed income entitlement in respect of that interest and, if so, its amount: (1) the later holder's share of the residuary income3 of the estate in respect of that interest for any tax year4 or accounting period5 is to be treated as including the share of any person with
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