665 Assumed income entitlement
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Further provisions for calculating estate income relating to absolute interests

665  Assumed income entitlement

(1)     Whether a person has an assumed income entitlement for a tax year in respect of an absolute interest in the whole or part of the residue of an estate depends on the results of the following steps.

Step 1

Find the amount of the person's share of the residuary

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