(1)Income is treated as arising in an accounting period from a company’s absolute interest in the whole or part of the residue of an estate if—
(a)the company has an assumed income entitlement for the accounting period in respect of the interest (see sections 948 to 952), and
(b)condition A or B is met.
(2)Condition A is that a payment is made in respect of the interest in the accounting period and before the end of the administration period (see section 938).
(3)Condition B is that the accounting period is the final accounting period (see section 938).
(4)Income treated as arising as a result of this section is estate income for the purposes of this Chapter.