[F1Charitable trustsU.K.
Textual Amendments
F1Sch. 8 para. 4 and cross-heading inserted (with effect in accordance with s. 302(7) of the amending Act) by Finance Act 2004 (c. 12), s. 302(2)
4(1)This Schedule applies in relation to a charitable trust as it applies in relation to a charity.U.K.
(2)In this paragraph “charitable trust” means—
(a)a trust of which all the beneficiaries are charities, or
(b)a unit trust scheme in which all the unit holders are charities,
F2...
(3)In this Schedule as it applies by virtue of this paragraph—
(a)[F3references in paragraph 1(3A) to the charitable purposes of C are to those of] the beneficiaries or unit holders, or any of them;
(b)the [F4references] to the purchaser in paragraph 2(3)(a)[F4, and to C in paragraph 3B(4)(a), are] to any of the beneficiaries or unit holders;
(c)the [F5references in paragraphs 3(2)(b) and 3C(3) to the charitable purposes of C are] to those of the beneficiaries or unit holders, or any of them.]
Textual Amendments
F2Words in Sch. 8 para. 4(2) omitted (with effect in accordance with art. 14 of the commencing S.I.) by virtue of Finance Act 2010 (c. 13), Sch. 6 paras. 20, 34(2); S.I. 2012/736, art. 14
F3Words in Sch. 8 para. 4(3)(a) substituted (with effect in accordance with Sch. 23 para. 5 of the amending Act) by Finance Act 2014 (c. 26), Sch. 23 para. 4(a)
F4Words in Sch. 8 para. 4(3)(b) substituted (with effect in accordance with Sch. 23 para. 5 of the amending Act) by Finance Act 2014 (c. 26), Sch. 23 para. 4(b)
F5Words in Sch. 8 para. 4(3)(c) substituted (with effect in accordance with Sch. 23 para. 5 of the amending Act) by Finance Act 2014 (c. 26), Sch. 23 para. 4(c)