Version Superseded: 06/04/2007
Point in time view as at 06/04/2006. This version of this provision has been superseded.
There are currently no known outstanding effects for the Finance Act 2006, Paragraph 15.
15(1)Section 686 shall be amended as follows.
(2)In subsection (1) for “trustees” substitute “ the trustees of a settlement ”.
(3)In subsection (2) for “arising to trustees” substitute “ arising to the trustees of a settlement ”.
(4)In subsection (2AA)—
(a)for “arising to trustees” substitute “ arising to the trustees of a settlement ”, and
(b)in paragraph (b) for “provisions of the trust” substitute “ terms of the settlement ”.
(5)In subsection (2A)(a)—
(a)for “any trustees” substitute “ the trustees of a settlement ”, and
(b)for “provisions of the trust” substitute “ terms of the settlement ”.
(6)In subsection (2B) for “arising to trustees” substitute “ arising to the trustees of a settlement ”.
(7)In subsection (5A)—
(a)for “in relation to trustees” substitute “ in relation to the trustees of a settlement ”, and
(b)in paragraph (f) for “686A” substitute “ 686A(2)(a) ”.
(8)In subsection (6) in each place for “trustees” substitute “ the trustees of a settlement ”.
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