SolvedTSEM6204 | Legal background to trusts & estates: 'absolute interest in income'
From HM Revenue & Customs · Trusts, Settlements and Estates Manual
An absolute interest in income means that the beneficiary is entitled to income, but not to capital.
From HM Revenue & Customs · Trusts, Settlements and Estates Manual
An absolute interest in income means that the beneficiary is entitled to income, but not to capital.