6(1)In paragraph 10(1) for “of the transferor settlement, or of any transferee settlement,” substitute “ of any relevant settlement ”.U.K.
(2)In paragraph 12—
(a)in sub-paragraph (1)(a) for “arising under Schedule 4B” substitute “ included in a settlement’s Schedule 4C pool ”,
(b)in sub-paragraph (2) for “the Schedule 4B trust gains” substitute “ the settlement’s Schedule 4C gains ”, and
(c)in sub-paragraph (3) for “the transferor or transferee settlements” substitute “ any relevant settlement ”.
(3)In paragraph 13(5)(a) for “that in which the transfer of value was made” substitute “ the year of the gain (determined in accordance with paragraph 8B(3)) ”.
(4)After paragraph 13 insert—
“Effect of settlement ceasing to exist after transfer of valueU.K.
13AWhere a settlement ceases to exist after the trustees have made a transfer of value to which Schedule 4B applies, this Schedule has effect as if a year of assessment had ended immediately before the settlement ceased to exist.”.