Trusts (Capital and Income) Act 2013

1. Introduction

2. Territorial Extent and Application

3. Background and Summary

   1. Capital and income in trusts

   2. The rules of apportionment

   3. The classification of shares received in the course of a demerger

   4. Total return investment for charities

4. Commentary on Sections

   1. Section 1: Disapplication of apportionment etc rules

   2. Section 2: Classification of certain corporate distributions as capital

   3. Section 3: Power to compensate income beneficiary

   4. Section 4: Total return investment by charities

   5. Section 5: Crown application, commencement and extent

5. Commencement

6. Hansard References

7. GLOSSARY