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34. Where property is held under a trust, other than—
(a)a charitable trust within the meaning of the Charities Act 2011(1); 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.
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