1A

Subsection (1)(b) above shall be treated as having effect in relation to a sub-fund settlement if the property does not revert to the trustees of the principal settlement in relation to that sub-fund settlement by reason only that—

a

a sub-fund election is or has been made in respect of another sub-fund of the principal settlement, and

b

the property becomes comprised in that other sub-fund settlement on the death of the person entitled to the interest in possession.