Section 291 | Trusts with vulnerable beneficiary: meaning of “disabled person”

(1)Schedule 1A to FA 2005 (meaning of “disabled person”) is amended as follows.

(2)In paragraph 1—

(a)for paragraph (c) substitute—

(c)a person in receipt of a disability living allowance by virtue of entitlement to—

(i)the care component at the highest or middle rate, or

(ii)the mobility component at the higher rate,”, and

(b)in paragraph (d), omit “by virtue of entitlement to the daily living component”.

(3)In paragraph 3, after “rate” insert “ , or to the mobility component at the higher rate, ”.

(4)In paragraph 4, omit “by virtue of entitlement to the daily living component”.

(5)The amendments made by this section have effect—

(a)for the purposes of sections 89, 89A and 89B of IHTA 1984, in relation to property transferred into settlement on or after 6 April 2014, and

(b)for all other purposes, for the tax year 2014-15 and subsequent tax years.