SCHEDULE 4Capital disregards
PART 2Capital not to be treated as income under regulation 27(2)
34.
Where property is held under a trust, other than—
(a)
a charitable trust within the meaning of the Charities Act 2011 M1; or
(b)
a trust set up with any payment to which paragraph 16 of this Schedule applies,
and under the terms of the trust, payments fall to be made, or the trustees have a discretion to make payments, to or for the benefit of the applicant or any partner of the applicant, or both, that property.