SCHEDULES
SCHEDULE 18SETTLEMENTS: BENEFICIARIES (MISCELLANEOUS)
Computation rules
1
In section 80 of the M1Finance Act 1981 (gains of non-resident settlements) the following subsection shall be inserted after subsection (6)—
6A
In computing an amount under subsection (2) above in respect of the year 1991-92 or a subsequent year of assessment, the effect of Schedule 10 to the Finance Act 1988 (settlor chargeable instead of trustees in certain circumstances) shall be ignored.