Paragraph 33

In sections 628 and 630 of ITTOIA 2005 for “UK trust” in each place substitute “ UK settlement ”.

In section 628(6) of that Act for the definition of “UK trust” substitute—

““UK settlement” means a settlement the trustees of which are resident and ordinarily resident in the United Kingdom.”

In section 630(1)(b) of that Act for “terms of the trust” substitute “ terms of the settlement ”.

In section 631(5)(e)(ii) of that Act for “provisions of the trust” substitute “ terms of the settlement ”.

This paragraph shall come into force on 6th April 2006.