145(1)Paragraph 13 (increase in tax payable under this Schedule) is amended as follows.U.K.
(2)For sub-paragraph (1) substitute—
“(1)This paragraph applies if—
(a)chargeable gains are treated under paragraph 8 as accruing to a beneficiary by virtue of the matching (under section 87A) of all or part of a capital payment with the section 2(2) amount for a tax year (“the relevant tax year”), and
(b)the beneficiary is charged to tax by virtue of the matching.
(1A)Where part of a capital payment is matched, references in sub-paragraphs (2) and (3) to the capital payment are to the part matched.”
(3)In sub-paragraph (5)(a), for the words from “year of assessment” to the end (excluding the “and”) substitute “ tax year immediately after the relevant tax year, ”.