Section 672(4)

For the purposes of this section a residual interest vests in possession— in a case within subsection (2)(a), on the occurrence of the event mentioned there (whether or not the amount of the property receivable pursuant to the right is ascertained); in a case within subsection (2)(b) or (c), when the company becomes entitled to require the trustee to transfer to it any of the property receivable pursuant to that right.

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Source: legislation.gov.uk · retrieved 2026-09-04