Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017

Application of this Schedule to certain trusts E+W

9 (1) This Schedule applies to the following trusts as it applies to a charity but subject to the modifications in sub-paragraph (2)— E+W

(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.

Commencement Information

I1 Sch. 18 para. 9 in force at 1.4.2018 by S.I. 2018/34, art. 3