Section 6(4)

For the purposes of paragraph (1)— where an individual is the beneficial owner of a body corporate which is entitled to a specified interest in the capital of the trust property or which has control over the trust, the individual is to be regarded as entitled to the interest or having control over the trust; and an individual (“P”) does not have control solely as a result of— P's consent being required in accordance with section 32(1)(c) (power of advancement) of the Trustee Act 1925 ; any discretion delegated to P under section 34 (power of investment and delegation) of the Pensions Act 1995 ; the power to give a direction conferred on P by section 19(2) (appointment and retirement of trustee at instance of beneficiaries) of the Trusts of Land and Appointment of Trustees Act 1996 ; or the power exercisable collectively at common law to vary or extinguish a trust where the beneficiaries under the trust are of full age and capacity and (taken together) absolutely entitled to the property subject to the trust (or, in Scotland, have a full and unqualified right to the fee).

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Source: legislation.gov.uk · retrieved 2026-09-04