4Trusts to be treated as charitable trusts

4 Trusts to be treated as charitable trusts

(1)  For the removal of doubts it is declared that –

(a) the trustees and all subsequent trustees of the Trusts may administer the property of the Trusts as if the Trusts had been created for charitable purposes; and

(b) the property of the Trusts shall be treated in law as if the Trusts are and always have been trusts for charitable purposes.

(2)  In this section, a reference to property shall be read as including a reference to a legal or an equitable estate or interest in any property, whether present or future and whether vested or contingent, and an entitlement, power or privilege, if that estate, interest, entitlement, power or privilege arises from the administration of the Trusts, whether pursuant to the Trust Deed or pursuant to this Act.