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(1)Except in so far as the trust deed expressly provides otherwise (or, in a case where there is no trust deed, the context requires otherwise), the trustees may determine that amounts mentioned in section 2 of the Apportionment Act 1870 (which provides for rents, dividends and other periodical payments to be apportionable in respect of time) are—
(a)to be apportioned as mentioned in that section, or
(b)not to be apportioned in such manner, but instead to accrue as they arise.
(2)This section applies irrespective of when the trust was created.
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