Section 24 Entitlement to make claim for special tax treatment
United Kingdom
A claim for special tax treatment under this Chapter for a tax year may be made by F1the trustees of a settlement if—
(a)
in the tax year they hold property on qualifying trusts for the benefit of a vulnerable person, and
(b)
a vulnerable person election has effect for all or part of the tax year in relation to those trusts and that person.
Annotations
Textual amendments
- F1
Words in s. 24(1) substituted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), Sch. 13 para. 35(2)(b)(7)