Related Commentary  Related HMRC Manuals

58(1)  In this Chapter “relevant property”  means settled property in which no qualifying interest in possession subsists, other than–

(a)property held for charitable purposes only, whether for a limited time or otherwise;

(b)property to which section 71, 71A, 71D, 73, 74 or 86 below applies (but see subsection (1A) below);

(c)property held on trusts which comply with the requirements mentioned in paragraph 3(1) of Schedule 4 to this Act, and in respect of which a direction given under paragraph 1 of that Schedule has effect;

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