[F114U.K.If the trustees of a settlement have elected that [F2508 of ITA 2007 (trustees' election in respect of income arising from heritage maintenance property)] shall have effect in the case of a settlement or part of a settlement in relation to a year of assessment, this Schedule does not apply in relation to the settlement or part for that year.]
Textual Amendments
F1Sch. 4A inserted (with application in accordance with s. 91(3) of the amending Act) by Finance Act 2000 (c. 17), s. 91(2), Sch. 24
F2Words in Sch. 4A para. 14 substituted (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 344 (with Sch. 2)