Paragraph 1 I1

(1)

This Schedule makes provision about the application of this Act and TCMA in relation to trusts.

(2)

This Schedule is arranged as follows—

(a)

paragraph 2 defines key terms;

(b)

paragraph 3 makes provision about transactions involving bare trusts;

(c)

paragraphs 4 to 10 make provision about transactions involving settlements and the responsibilities of trustees of a settlement;

(d)

paragraph 11 makes provision about the treatment of the interests of beneficiaries under certain trusts.

Annotations