Version Superseded: 01/12/2009
Point in time view as at 25/05/2007.
Finance Act 2004, Paragraph 14 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
14(1)In Schedule 27 to the Taxes Act 1988 (distributing funds), Part 2 (modifications of conditions for certification in certain cases) is amended as follows.U.K.
(2)In paragraph 6—
(a)in sub-paragraph (1)(b) for the words from the beginning to “section 760” substitute “ those interests are such that, by virtue of section 760(3)(a) ”;
(b)in the words following paragraph (c) of sub-paragraph (1), for “section 760(3)(a) to (c)” substitute “ section 760(3)(a) ”;
(c)in sub-paragraph (3)(a) for “section 760(3)(a) to (c)” substitute “ section 760(3)(a) ”.
(3)In paragraph 7 for “section 760(3)(a) to (c)” (in both places) substitute “ section 760(3)(a) ”.
(4)Omit paragraph 10.
(5)In paragraph 11—
(a)in sub-paragraphs (1) and (4), omit “section 760(3) and”, and
(b)in sub-paragraph (1) for “sub-paragraph (3)” substitute “ sub-paragraph (4) ”.
(6)Omit paragraphs 12 and 13.
(7)In paragraph 14, for “any of the conditions in paragraphs (a) to (c) of section 760(3)” substitute “ the condition in section 760(3)(a) ”.
(8)In paragraph 16(1), omit “by a trustee or officer thereof”.
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