Taxation of Chargeable Gains Act 1992 (c. 12)

SCHEDULES

[F1 SCHEDULE 1C U.K. Annual exempt amount in cases involving settled property

Textual Amendments

F1 Sch. 1C inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 16

Introductory U.K.

1 (1) This Schedule provides for the application of section 1K (in some cases with modifications) in relation to the trustees of a settlement for a tax year. U.K.

(2) The application of this Schedule depends on (among other things) whether or not—

(a) a settlement is for the benefit of a disabled person, and

(b) a settlement is a qualifying UK settlement.

(3) For the definitions of those expressions, see paragraphs 3 and 7 respectively.

(4) In this Schedule any reference to the application of section 1K in relation to an individual for a tax year is to its application in relation to an individual who is resident and domiciled in the United Kingdom for the year.]