# Finance Act 2003, Paragraph 4

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

(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,
...
(3) In this Schedule as it applies by virtue of this paragraph—
(a) references 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 references 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 references 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.

---
Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/8/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-8/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.