Paragraph 4 F1

United Kingdom

(1)

This Schedule applies in relation to a charitable trust as it applies in relation to a charity.

(2)

In this paragraph “charitable trust” means—

(a)

a trust of which all the beneficiaries are charities, or

(b)

a unit trust scheme in which all the unit holders are charities,

F2...

(3)

In this Schedule as it applies by virtue of this paragraph—

(a)

F3references in paragraph 1(3A) to the charitable purposes of C are to those of the beneficiaries or unit holders, or any of them;

(b)

the F4references to the purchaser in paragraph 2(3)(a), and to C in paragraph 3B(4)(a), are to any of the beneficiaries or unit holders;

(c)

the F5references in paragraphs 3(2)(b) and 3C(3) to the charitable purposes of C are to those of the beneficiaries or unit holders, or any of them.

Annotations

F1: Sch. 8 para. 4 and cross-heading inserted (with effect in accordance with s. 302(7) of the amending Act) by Finance Act 2004 (c. 12), s. 302(2)
F2: Words in Sch. 8 para. 4(2) omitted (with effect in accordance with art. 14 of the commencing S.I.) by virtue of Finance Act 2010 (c. 13), Sch. 6 paras. 20, 34(2); S.I. 2012/736, art. 14
F3: Words in Sch. 8 para. 4(3)(a) substituted (with effect in accordance with Sch. 23 para. 5 of the amending Act) by Finance Act 2014 (c. 26), Sch. 23 para. 4(a)
F4: Words in Sch. 8 para. 4(3)(b) substituted (with effect in accordance with Sch. 23 para. 5 of the amending Act) by Finance Act 2014 (c. 26), Sch. 23 para. 4(b)
F5: Words in Sch. 8 para. 4(3)(c) substituted (with effect in accordance with Sch. 23 para. 5 of the amending Act) by Finance Act 2014 (c. 26), Sch. 23 para. 4(c)