23(1)ITA 2007 is amended as follows.U.K.
(2)In section 479(1)(b) (special rates for trustees' income), for “trust established for charitable purposes only” substitute “ charitable trust ”.
(3)In section 481(1)(c) (other special rates for trustees), for “trust established for charitable purposes only” substitute “ charitable trust ”.
(4)Omit section 519 (meaning of “charitable trust”).
(5)In section 873(2) (discretionary or accumulation settlements), in paragraphs (a) and (b), for “trust established for charitable purposes only” substitute “ charitable trust ”.
(6)In section 989 (definitions), omit the definition of “charity”.
(7)In Schedule 4 (index of defined expressions)—
(a)in the entry for “charitable trust (in Part 10)”—
(i)omit “(in Part 10)”, and
(ii)for “section 519” substitute “ paragraph 1 of Schedule 6 to FA 2010 ”, and
(b)in the entries for “charity”, “charity (in Chapter 2 of Part 8)” and “charity (in Chapter 3 of Part 8)”, for “section 989” substitute “ paragraph 1 of Schedule 6 to FA 2010 ”.
Commencement Information
I1Sch. 6 para. 23(2)-(5) (7) in force at 8.3.2012 with effect as mentioned in art. 17 of the commencing S.I. by S.I. 2012/736, art. 17
I2Sch. 6 para. 23(6) in force at 8.3.2012 with effect as mentioned in art. 18 of the commencing S.I. by S.I. 2012/736, art. 18