Commentary

I4.549 Limited interest in residue

IHT, trusts and estates

I4.549 Limited interest in residue

I4.549 Limited interest in residue

The basic amount of estate income relating to a beneficiary's limited interest in the residue of an estate for a tax year or accounting period, other than the final year or accounting period, is the amount of payments to him in that year or period1.

If the beneficiary's interest comes to end within such a tax year or accounting period, the basic amount for that year or period includes payments in respect of the beneficiary's interest (including payments made after an individual's death) in a subsequent tax year or accounting period, including amounts due to

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