Part 5Miscellaneous income
Chapter 6Beneficiaries' income from estates in administration
Basic amount of estate income: general calculation rules
661Basic amount of estate income: limited interests
1
The basic amount of estate income relating to a person’s limited interest in the whole or part of the residue of an estate for a tax year is the total of the sums within section 654(2)(b), (3)(c) and (4)(c) for that year.
2
This does not apply, and section 675 applies instead, if the limited interest is one to which section 674 (successive interests: holders of limited interests) applies.