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.