Finance Act 2000

Taxes Act 1988

6 In section 740(6) of the Taxes Act 1988 (income tax charge in case of transfer of assets to non-resident: exclusion of benefit giving rise to charge to capital gains tax)—

(a) for “within the meaning of section 87 or 89(2) of the 1992 Act” substitute “to which section 87 or 89(2) of, or paragraph 8 of Schedule 4C to, the 1992 Act applies”;

(b) for “non-resident and migrant settlements” substitute “gains attributed to beneficiaries”; and

(c) after “either of those sections” insert “, or that paragraph,”.