[F14(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)references to the purchaser in paragraphs (a) and (b) of paragraph 1(2) are to the beneficiaries or unit holders, or any of them;
(b)the reference to the purchaser in paragraph 2(3)(a) is to any of the beneficiaries or unit holders;
(c)the reference in paragraph 3(2)(b) to the charitable purposes of C is to those of the beneficiaries or unit holders, or any of them.]
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)
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