Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Capital Gains Manual

Interests in possession: further points

The basic question to be answered is whether the beneficiary is, when the trustees receivethe income, entitled to all that income after they have deducted their expenses, andcannot be deprived of it by the act of the trustees. If so, it is an interest inpossession. See Miller v IRC [1987] STC108.