(1)In this Chapter “the administration period”, in relation to the estate of a deceased person, means the period beginning with the deceased’s death and ending with the completion of the administration of the estate.
(2)In the application of subsection (1) to Scotland, the reference to the completion of the administration is to be taken as a reference to the date at which, after discharge of, or provision for, liabilities falling to be met out of the deceased’s estate, the free balance held in trust for the residuary legatees or for the persons with the right to the intestate estate has been ascertained.
(3)In this Chapter “the final accounting period” means the accounting period in which the administration period ends.
(4)In this Chapter “the final tax year” means the tax year in which the administration period ends.