Section 19 Interpretation (Chapter 3)
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In this Chapter-
["chargeable date", in relation to any year, means-
(a) in respect of the year 2006, 5 April and 31 December in that year, and
(b) in respect of the year 2007 and subsequent years, 31 December in the year concerned;]1
"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.
Amendments
1 Definition of "chargeable date" substituted by Finance Act 2006 section 116(1)(a) for 2006 and later tax years.
