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APPORTIONMENT
(a) The purpose of the apportionment rulesThe purpose of the various rules of apportionment is to provide a fair and reasonable basis for dividing certain items between the conflicting interests of the life tenant and the remainderman.
The rules may be considered under the following three headings;
(b) Statutory apportionmentsWhere income has been received in respect of a period which "bridges" the date of a death, it must be apportioned between the two parts of the period on a time basis. This applies to all rents, annuities, dividends and similar items.
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