Paragraph 69
United Kingdom
The trust instrument may provide that the trustees have power to borrow—
(a)
to acquire shares for the purposes of the plan, and
(b)
for such other purposes as may be specified in the trust instrument.
Notes on Schedule 8
Textual amendments
- F1
Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)