SCHEDULE 18CHARITIES 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.