360.Paragraph 16 provides that where a declaration of trust giving the buyer a beneficial share in the property is made, the declaration is not to be treated as if it were linked to either:
an equity-acquisition payment under the trust or any corresponding increase in the buyer’s beneficial interest in the trust property; or
a transfer to the buyer of an interest in the trust property on the termination of the trust.
Text created by the Welsh Government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the National Assembly for Wales.
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