Finance Act 2005
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
23 Introduction
(1) This Chapter contains tax provision in connection with— (a) income arising to the trustees of a settlement from property held on qualifying trusts for the benefit of a vulnerable person, and (b) chargeable gains accruing to the trustees of a settlement from the disposal of such property. (2) Section 24 contains provision as to the making of claims for special tax treatment under this Chapter. (3) Sections 25 to 29 contain provision relating to income tax. (4) Sections 30 to 32 contain provision relating to capital gains tax. (5) Sections 34 to 36 apply for the purpose of determining whether trusts on which property is held for the benefit of a vulnerable person are qualifying trusts. (6) In this Chapter “vulnerable person election” means an election under section 37. (7) In this Chapter “vulnerable person” means— (a) a disabled person (see section 38), or (b) a relevant minor (see section 39).
23 Introduction
(1) This Chapter contains tax provision in connection with— (a) income arising to the trustees of a settlement from property held on qualifying trusts for the benefit of a vulnerable person, and (b) chargeable gains accruing to the trustees of a settlement from the disposal of such property. (2) Section 24 contains provision as to the making of claims for special tax treatment under this Chapter. (3) Sections 25 to 29 contain provision relating to income tax. (4) Sections 30 to 32 contain provision relating to capital gains tax. (5) Sections 34 to 36 apply for the purpose of determining whether trusts on which property is held for the benefit of a vulnerable person are qualifying trusts. (6) In this Chapter “vulnerable person election” means an election under section 37. (7) In this Chapter “vulnerable person” means— (a) a disabled person (see section 38), or (b) a relevant minor (see section 39).
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