SCHEDULE 18STrusts

PART 4STransactions involving settlements

Consideration for exercise of power of appointment or discretionS

12 SAny consideration given for the person in whose favour the appointment was made or the discretion was exercised becoming an object of the power or discretion is to be treated for the purpose of this Act as the consideration for the acquisition of the interest.

Commencement Information

I1 Sch. 18 para. 12 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2