Part 5Miscellaneous income
Chapter 6Beneficiaries' income from estates in administration
Types of estate income
652Estate income: absolute interests in residue
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.