Finance Act 2000 (c. 17)

SCHEDULES

SCHEDULE 26 U.K. Transfers of value: attribution of gains to beneficiaries

Part II U.K. Consequential amendments

Taxation of Chargeable Gains Act 1992 (c.12) U.K.

2 U.K. In section 90 of the M1 Taxation of Chargeable Gains Act 1992 (transfers between settlements), after subsection (4) add—

“(5) This section shall not apply—

(a) to a transfer to the extent that it is in accordance with Schedule 4B treated as linked with trustee borrowing; or

(b) to any chargeable gains arising by virtue of that Schedule.”.

Marginal Citations

M1 1992 c. 12.

3 U.K. In section 96 of the M2 Taxation of Chargeable Gains Act 1992 (payments by and to companies), in subsections (1) and (2) after “sections 87 to 90" insert “ and Schedule 4C ”

Marginal Citations

M2 1992 c. 12.

4 U.K. In section 97 of the M3 Taxation of Chargeable Gains Act 1992 (supplementary provisions)—

(a) in subsections (1), (3)(a), (4) and (7), after “sections 86A to 96", and

(b) in subsections (5) and (8), after “sections 86A to 90",

insert “ and Schedule 4C ”.

Marginal Citations

M3 1992 c. 12.

5 U.K. In section 98 of the M4 Taxation of Chargeable Gains Act 1992, after subsection (2) add—

“(3) The provisions of subsections (1) and (2) above have effect as if the references to sections 87 to 90 included references to Schedule 4C.”.

Marginal Citations

M4 1992 c. 12.