Part 14Special trusts

287Meaning of “special trust”

1

In this Act, “special trust” means property which—

a

is held and administered by or on behalf of a charity for any special purposes of the charity, and

b

is so held and administered on separate trusts relating only to that property.

2

But a special trust does not, by itself, constitute a charity for the purposes of Part 8 (charity accounts, reports and returns).