This section has no associated Explanatory Notes
2 SParagraphs 3 and 4 apply where property is held in trust—
(a)under the law of Scotland, or
(b)under the law of a country or territory outwith the United Kingdom,
on terms such that, if the trust had effect under the law of England and Wales, a beneficiary would be regarded as having an equitable interest in the trust property.
Commencement Information
I1 Sch. 18 para. 2 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2