# Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Paragraph 9


(1) This Schedule applies to the following trusts as it applies to a charity but subject to the modifications in sub-paragraph (2)—
(a) a trust of which all the beneficiaries are charities, or
(b) a unit trust scheme in which all the unit holders are charities.
(2) The modifications to this Schedule are—
(a) the references in paragraph 2(2) to the charitable purposes of C are to have effect as if they were references to those of the beneficiaries or unit holders, or any of them;
(b) the references to C in paragraph 2(4), are to have effect as if they were references to any of the beneficiaries or unit holders;
(c) the references in paragraphs 5(2)(b) and 8(2)(b) to the charitable purposes of C are to have effect as if they were references to those of the beneficiaries or unit holders, or any of them.

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Source: https://www.legislation.gov.uk/anaw/2017/1/schedule/18/paragraph/9 (the official version)
Page: https://openlegislation.uk/land-transaction-tax-and-anti-avoidance-of-devolved-taxes-wales-act-2017/schedule-18/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.