Finance (No. 2) Act 1997

10(1)In section 687 of the Taxes Act 1988 (payments under discretionary trusts) in subsection (3), paragraph (aaa) (which concerns any sums treated under section 246D(4) as income of trustees) shall cease to have effect.

(2)This paragraph has effect in relation to distributions made on or after 6th April 1999.