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LF 2: Trustees for minor beneficiaries
or “Removed rule about trustees for young beneficiaries”
You could also call this:

“This provision about trust beneficiaries no longer exists”

This part of the law used to be about people who benefit from trusts. It was part of the rules about tax credits and other credits in the Income Tax Act 2007. However, this section no longer exists. It was removed on 1 April 2017. This means that the rules that were once here are no longer in effect.

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Next up: LF 4: Partners in partnerships

or “This section about tax credits for partners in partnerships no longer applies”
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Part L Tax credits and other credits
Tax credits for foreign dividend payment (FDP) credits

LF 3Beneficiaries of trusts (Repealed)

    Notes
    • Section LF 3: repealed, on , by section 158 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).