³ÉÈËÓ°Òô

Commentary

I5.1304 Beneficiary with contingent interest

IHT, trusts and estates

A beneficiary may have an interest in all or part of the capital of a settlement contingent on attaining a certain age or on some other event1. If, in the meantime, he is entitled to call for payment of the income from that capital as it arises, he has a vested interest in that income, which is dealt with as described in I5.1303.

Where he is not entitled to call for payment, any sums paid

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial

Web page updated on 24 Aug 2024 12:24