Charitable trustsS
12SThis schedule applies in relation to a charitable trust as it applies to a charity.
Commencement Information
I1 Sch. 13 para. 12 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2
13S“Charitable trust” means—
(a)a trust of which all the beneficiaries are charities, or
(b)a unit trust scheme in which all the unit holders are charities.
Commencement Information
I2 Sch. 13 para. 13 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2
14SIn this schedule as it applies in relation to a charitable trust—
(a)references to the buyer in paragraph 3(a) and (b) are to the beneficiaries or unit holders, or any of them,
(b)the reference to the buyer in paragraph 5(a) is to any of the beneficiaries or unit holders,
(c)the reference in paragraph 6 to the charitable purposes of the buyer is to those of the beneficiaries or unit holders, or any of them.
Commencement Information
I3 Sch. 13 para. 14 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2