# Finance Act 2003, Paragraph 4


Where persons acquire a chargeable interest as trustees of a settlement, they are treated for the purposes of this Part, as it applies in relation to that acquisition, as purchasers of the whole of the interest acquired (including the beneficial interest).

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/16/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-16/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.