S.L. 372.25 Art. 1AInterpretation.

For the purposes of these rules:

"trust" means a trust, the trustee of which has made an election in terms of the provisions of sub-article 27D(1) of the

Income Tax Act; "trustee" means any trustee of a trust where such trustee is resident in Malta; and "shareholder" includes a partner or member of any body of persons that has elected to be treated as a company in terms of article 27(6) of the Income Tax Management Act and for as long as such election remains in force.