# Finance Act 2006, Paragraph 33


(1) In sections 628 and 630 of ITTOIA 2005 for “UK trust” in each place substitute “ UK settlement ”.
(2) 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.”
(3) In section 630(1)(b) of that Act for “terms of the trust” substitute “ terms of the settlement ”.
(4) In section 631(5)(e)(ii) of that Act for “provisions of the trust” substitute “ terms of the settlement ”.
(5) This paragraph shall come into force on 6th April 2006.

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Source: https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/33 (the official version)
Page: https://openlegislation.uk/finance-act-2006/schedule-13/paragraph-33
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.