Select view:

Capital Acquisitions Tax Consolidation Act 2003 (Number 1 of 2003)

Chapter 2

Initial levy on discretionary trusts

14 Interpretation (Chapter 2).

[FA 1984 s104]

In this Chapter—

“object”, in relation to a discretionary trust, means a person for whose benefit the income or capital, or any part of the income or capital, of the trust property is applied, or may be applied;

[1]>

“principal objects”, in relation to a discretionary trust, means such objects, if any, of the trust for the time being as are—

(a) the spouse of the disponer,

(b) the children of the disponer, or

(c) the children of a child of the disponer where such child pre-deceased the disponer.

<[1]

[1]>

“principal objects”, in relation to a discretionary trust, means such objects, if any, of the trust for the time being as are—

(a) the spouse or civil partner of the disponer,

(b) the children of the disponer,

(c) the children of the civil partner of the disponer,

(d) the children of a child of the disponer, where such child predeceased the disponer,

(e) the children of a child of the civil partner of the disponer, where such child predeceased the disponer,

(f) the children of the civil partner of a child of the disponer, where such child predeceased the disponer, or

(g) the children of the civil partner of a child of the civil partner of the disponer, where such child predeceased the disponer.

<[1]

[1]

[-] [+]

Substituted by F(No.3)A11 sched3(4). Deemed to have come into operation as respects a gift or an inheritance taken on or after 1 January 2011.