Changes over time for: Cross Heading: Reallocation of trust property as between beneficiaries
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Point in time view as at 01/04/2018.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: Reallocation of trust property as between beneficiaries.

Changes to Legislation
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Reallocation of trust property as between beneficiariesE+W
6U.K.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,
the fact that the beneficiary gives consent does not mean that there is chargeable consideration for the acquisition.
Yn ôl i’r brig