Finance Act 2003 (c. 14)

SCHEDULES

SCHEDULE 34 U.K. Policies of life insurance etc: miscellaneous amendments

Part 2 U.K. Charitable and non-charitable trusts

Interpretation U.K.

6 U.K. In section 539 of the Taxes Act 1988 (introductory) in subsection (3), insert each of the following definitions at the appropriate place—

• ““charitable trust” means any trust established for charitable purposes only;”;

““non-charitable trust” means any trust other than a charitable trust.”.