SCHEDULES

SCHEDULE 34Policies of life insurance etc: miscellaneous amendments

Part 2Charitable and non-charitable trusts

Interpretation

6

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.