# Finance Act 1997, Paragraph 12

Extent: E+W+S+N.I.

(1) In section 686 of that Act (application of rate applicable to trusts to income of certain discretionary trusts), paragraph (d) of subsection (2) shall be omitted; ...
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) This paragraph has effect for the year 1997-98 and subsequent years of assessment and shall be deemed to have had effect for the year 1996-97.

---
Source: https://www.legislation.gov.uk/ukpga/1997/16/schedule/7/paragraph/12 (the official version)
Page: https://openlegislation.uk/finance-act-1997/schedule-7/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.