652Estate income: absolute interests in residueU.K.
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(1)Income is treated as arising in a tax year from a person's absolute interest in the whole or part of the residue of an estate if—
(a)the person has an assumed income entitlement for the tax year in respect of the interest (see sections 665 to 670), and
(b)condition A or B is met.
(2)Condition A is that a payment is made in respect of the interest in the tax year and before the end of the administration period (see section 653).
(3)Condition B is that the tax year is the final tax year (see section 653).
(4)Income treated as arising as a result of this section is estate income for the purposes of this Chapter.