Section YB 16 — Income Tax Act 2007: Exceptions for certain trusts and charitable organisations

YB 16 Exceptions for certain trusts and charitable organisations Trustee and beneficiary and trustee for relative tests: certain trusts (1) Sections YB 5 and YB 6(1) do not apply to a trustee and another person if the trust is— (a) a lines trust established under the Energy Companies Act 1992 : (b) an approved unit trust referred to in clause 2 of the Income Tax Act (Exempt Unit Trusts) Order 1990. Trustee and beneficiary and settlor and beneficiary tests: charitable organisation (2) Sections YB 6(1) and YB 9(1) do not apply to a trustee and a beneficiary or a settlor and a beneficiary if the beneficiary is a charitable organisation. Defined in this Act: charitable organisation , lines trust , unit trust Section YB 16: substituted, on 1 April 2010, by section 563(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).