SCHEDULES

[F1 SCHEDULE 4A U.K.Disposal of interest in settled property: deemed disposal of underlying assets

Textual Amendments

F1 Sch. 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

Exception: maintenance funds for historic buildings U.K.

14 U.K.If the trustees of a settlement have elected that [F2 508 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

F2 Words 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)