Paragraph 12 F1
A sub-fund election must contain—
a declaration by each trustee of the principal settlement that he consents to the election,
a statement by the trustees of the principal settlement that the requirement in paragraph 3 is satisfied,
such information as the Commissioners for Her Majesty's Revenue and Customs may require in relation to the principal settlement (which may, in particular, include information relating to the trustees, the trusts, property which is or has been comprised in the settlement, the settlors or the beneficiaries),
a declaration by the trustees of the principal settlement that the information given in the election is correct, to the best of their knowledge and belief, and
such other declarations as the Commissioners for Her Majesty's Revenue and Customs may require.
Annotations
Textual amendments
- F1
Sch. 4ZA inserted (with effect in accordance with Sch. 12 para. 6(3) of the amending Act) by Finance Act 2006 (c. 25), Sch. 12 para. 6(2)