Changes over time for: Cross Heading: Consideration for exercise of power of appointment or discretion
Status:
Point in time view as at 01/04/2018.
Changes to legislation:
There are currently no known outstanding effects for the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, Cross Heading: Consideration for exercise of power of appointment or discretion.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Consideration for exercise of power of appointment or discretionE+W
5(1)Sub-paragraph (2) applies where a chargeable interest is acquired by virtue of—U.K.
(a)the exercise of a power of appointment, or
(b)the exercise of a discretion vested in trustees of a settlement.
(2)Any 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 as consideration for the acquisition of the interest.
Yn ôl i’r brig