SCHEDULE 18Trusts

PART 4Transactions involving settlements

Reallocation of trust property as between beneficiaries

I1 13

Paragraph 14 applies where—

a

the trustees of a settlement reallocate trust property in such a way that a beneficiary acquires an interest in certain trust property and ceases to have an interest in other trust property, and

b

the beneficiary consents to ceasing to have an interest in that other property.