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”.