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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
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Absolute entitlement: part of trust fund: immediately

Where there are successive contingencies affecting different parties, for example, where a trust is in terms that property is to vest in A, B, and C on their respectively reaching the age of 25, the following treatment should normally be adopted on the basis of the decision in Crowe v Appleby, 51TC457.