Corporation Tax Act 2009 section 953

Introduction

Section 953 introduces the rules that apply when two or more different persons hold interests in the residue of an estate one after another during the administration period.

• Sections 954 to 959 deal with successive interests in the whole or part of the residue of an estate held by different persons during the administration period
• Two interests count as held successively even if there is a gap between them — one does not need to follow immediately after the other
• For the purposes of these rules, each person holding an interest is assumed to be a company within the charge to corporation tax
• Where a holder is not actually a company, their accounting periods are treated as corresponding with tax years