# Finance Act 1989, Paragraph 2


(1) The trust must be established under a deed (the trust deed).
(2) The trust must be established by a company (the founding company) which,at the time the trust is established, is resident in the United Kingdom andnot controlled by another company.

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Source: https://www.legislation.gov.uk/ukpga/1989/26/schedule/5/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-1989/schedule-5/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.