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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Special rules for successive interests

  • Section 671 Successive absolute interests
  • Section 672 Successive interests: assumed income entitlement of holder of absolute interest following limited interest
  • Section 673 Successive interests: payments in respect of limited interests followed by absolute interests
  • Section 674 Successive interests: holders of limited interests
  • Section 675 Basic amount of estate income: successive limited interests
  • Section 676 Apportionments
  1. Special rules for successive interests
  2. Basic amount of estate income: successive limited interests

Section 675 | Basic amount of estate income: successive limited interests

From legislation.gov.uk

The basic amount of estate income relating to a limited interest within section 674 for a tax year is the total of the sums within section 674(3)(b), (4)(c) and (5)(c) for that year.

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