{
  "url": "https://openlegislation.uk/finance-act-2006/schedule-13/paragraph-35",
  "json_url": "https://openlegislation.uk/finance-act-2006/schedule-13/paragraph-35.json",
  "legislation": "ukpga/2006/25",
  "legislation_title": "Finance Act 2006",
  "legislation_url": "https://openlegislation.uk/finance-act-2006",
  "path": "schedule/13/paragraph/35",
  "kind": "paragraph",
  "number": "35",
  "heading": null,
  "text": "(1) FA 2005 shall be amended as follows.\n(2) In the following provisions for “trustees” substitute “ the trustees of a settlement ”\n(a) section 23(1)(a) and (b) (vulnerable persons: introduction),\n(b) section 24(1) (vulnerable persons: claims),\n(c) section 25(1)(a) (qualifying trusts: income tax), and\n(d) section 37(1) (vulnerable person election).\n(3) In section 25(3)—\n(a) for “section 660G(1) and (2) of ICTA” substitute “ section 620(1) of ITTOIA 2005 ”, and\n(b) for “section 660A of that Act” substitute “ sections 624 and 625 of that Act. ”.\n(4) In section 27(2)(b) (qualifying expenses) for “total income” substitute “ income ”.\n(5) Section 42(5)(b) shall cease to have effect.\n(6) In section 43(4) (penalties) for the first reference to “trustees” substitute “ the trustees of a settlement ”.\n(7) This paragraph shall come into force on 6th April 2006.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/35",
    "retrieved_at": "2026-10-29T09:14:22.939634+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}