35A

Custodian transfers

In force

(1)

No duty is chargeable under this Chapter in respect of a transfer of dutiable property between—

(a)

a trustee of a trust and a custodian in relation to the trust; or

(b)

a custodian in relation to a trust and another custodian in relation to the trust; or

(c)

a custodian in relation to a trust and a sub-custodian in relation to the trust; or

(d)

a sub-custodian in relation to a trust and another sub-custodian in relation to the trust—

if the transferee is to hold the property solely in the capacity of the transferee described in paragraph (a), (b), (c) or (d).

(2)

In this section—

custodian, in relation to a trust, means a custodian of a trustee of the trust;

sub-custodian, in relation to a trust, means a sub-custodian of a custodian of a trustee of the trust.

S. 36 amended by No. 46/2001 s. 7(2)(a)(b)(3), substituted by Nos 79/2001 s. 9, 84/2006 s. 3.

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