674 Successive interests: holders of limited interests
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

674  Successive interests: holders of limited interests

(1)     This section applies if—

(a)     two or more interests in the whole or part of the residue of an estate are held successively during the administration period by different persons,

(b)     the earlier or, if there are more than two, the earliest of the interests is a limited interest, and

(c)     each later interest arises or is created on the cessation of the previous interest

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