Inheritance and Trustees' Powers Act 2014
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Change 1
10 Application of sections 8 and 9
(1) Section 8 applies in accordance with subsections (4) and (5). (2) Section 9, apart from subsection (3)(b), applies in relation to trusts whenever created or arising. (3) Section 9(3)(b) applies in accordance with subsections (4) and (5). (4) Subject to subsection (5), the provisions mentioned in subsections (1) and (3) apply only in relation to trusts created or arising after the coming into force of those provisions. (5) Those provisions also apply in relation to an interest under a trust (not falling within subsection (4)) if the interest is created or arises as a result of the exercise, after the coming into force of those provisions, of any power.
10 Application of sections 8 and 9
(1) Section 8 applies in accordance with subsections (4) and (5). (2) Section 9, apart from subsection (3)(b), applies in relation to trusts whenever created or arising. (3) Section 9(3)(b) applies in accordance with subsections (4) and (5). (4) Subject to subsection (5), the provisions mentioned in subsections (1) and (3) apply only in relation to trusts created or arising after the coming into force of those provisions. (5) Those provisions also apply in relation to an interest under a trust (not falling within subsection (4)) if the interest is created or arises as a result of the exercise, after the coming into force of those provisions, of any power.
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