Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 July 2011 - onwards
  Version 2 of 2    

193. Income from scholarships.

(1)

(a) In this section -

"relevant body" means a body corporate, unincorporated body, partnership, individual or other body;

"relevant scholarship" means a scholarship provision for which is made, either directly or indirectly, by a relevant body or a person connected with the relevant body and where payments are made, either directly or indirectly, in respect of such a scholarship to -

(i) an employee or, where the relevant body is a body corporate, a director of the relevant body, or

(ii) the spouse, civil partner, family, dependants, servants or children of the civil partner of such employee or director;

"scholarship" includes an exhibition, bursary or other similar educational endowment.

(b) A person shall be regarded as connected with a relevant body for the purposes of this subsection if that person is -

(i) a trustee of a settlement, within the meaning of section 10, made by the relevant body, or

(ii) a relevant body,

and that person would be regarded as connected with the rele

Comparing proposed amendment...