Capital Acquisitions Tax Consolidation Act 2003
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Chapter 3 Annual levy on discretionary trusts | ||
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Interpretation (Chapter 3). [FA 1986 s102] |
19.—In this Chapter— | |
“chargeable date”, in relation to any year, means 5 April in that year; | ||
“chargeable discretionary trust” means a discretionary trust in relation to which— | ||
(a) the disponer is dead, and | ||
(b) none of the principal objects of the trust, if any, is under the age of 21 years; | ||
“object” and “principal objects”, in relation to a discretionary trust, have the meanings respectively assigned to them by section 14 . |