Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw1)

Valid from 18/10/2017

Valid from 01/04/2018

SCHEDULE 8 U.K. TRUSTS

Overview U.K.

1 (1) This Schedule makes provision about the application of this Act and TCMA in relation to trusts. U.K.

(2) This Schedule is arranged as follows—

(a) paragraph 2 defines key terms;

(b) paragraph 3 makes provision about transactions involving bare trusts;

(c) paragraphs 4 to 10 make provision about transactions involving settlements and the responsibilities of trustees of a settlement;

(d) paragraph 11 makes provision about the treatment of the interests of beneficiaries under certain trusts.