SCHEDULE 18

CHARITIES RELIEF

Application of this Schedule to certain trusts
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.
Sch. 18 para. 9 in force at 1.4.2018 by S.I. 2018/34, art. 3