954 Successive absolute interests
Corporation Tax Act 2009 (2009 c 4) | Legislation

954  Successive absolute interests

(1)     This section applies if two or more absolute interests in the whole or part of the residue of an estate are held successively during the administration period by different persons.

(2)     In determining whether a company with a later such interest (“the later holder”) has an assumed income entitlement in respect of that interest and, if so, its amount—

(a)     the later holder's share of the residuary income of the estate in respect of that interest for any accounting period is to be treated as including the share of any person with a previous

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