If two or more interests in the whole or part of the residue of an estate are held successively during the administration period1 by different persons, and the earlier or, if there are more than two, the earliest of the interests is a limited interest2, and each later interest arises or is created on the cessation of the previous interest otherwise than by death, then income is treated as arising from a limited interest in the whole or part of the residue of the estate in a tax year3 or accounting period4 in cases A, B and C5.
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