Commentary

A4.409 'Relevant investments'—personal representative condition

Administration and compliance

A4.409 'Relevant investments'—personal representative condition

A4.409 'Relevant investments'—personal representative condition

An investment may qualify as a relevant investment by meeting the 'personal representative condition'1. This condition is met if personal representatives are entitled to any interest on the investment, and they receive it in that capacity2.

For the other categories (see A4.407, A4.408, A4.410), an investment only qualifies as a relevant investment if all the parties who are beneficially entitled to the interest fall into one particular category; in other words, there is no overlap between categories. However, this is not the case with the personal representative category. The personal representative condition is treated as met

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