Commentary on Sections Part 10: Miscellaneous income Overview Section 958: Basic amount of estate income: successive limited interests
2423.This section explains how to calculate the net amount of estate income for successive limited interests. It is based on sections 695(2) to (4) and 698(1A) and (1B) of ICTA. The corresponding rule for income tax is in section 675 of ITTOIA.
2424.The section is the equivalent provision to section 944 for limited interests that are not successive.