650 Absolute, limited and discretionary interests
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

650  Absolute, limited and discretionary interests

(1)     A person has an absolute interest in the whole or part of the residue of an estate for the purposes of this Chapter if—

(a)     the capital of the residue or that part is properly payable to the person, or

(b)     it would be so payable, if the residue had been ascertained.

(2)     A person has a limited interest in the whole or part of the residue of an estate during any period for

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