SCHEDULES

C2C1C3F1SCHEDULE 4CTransfers of value: attribution of gains to beneficiaries

Annotations:
Amendments (Textual)
F1

Sch. 4C inserted (with effect in accordance with s. 92(5) of the amending Act) by Finance Act 2000 (c. 17), s. 92(4), Sch. 26 Pt. I

Modifications etc. (not altering text)
C2

Sch. 4C modified (21.7.2008) by Finance Act 2008 (c. 9), Sch. 7 paras. 152-155

C1

Sch. 4C applied (with modifications) by Income and Corporation Taxes Act 1988 (c. 1), s. 762(3) (as substituted (with effect in accordance with Sch. 7 para. 98 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 93(3))

C3

Sch. 4C applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 20(3)

Chargeable amount: non-resident settlement

4

1

If the transfer of value is made in a year of assessment during which the trustees of the transferor settlement are F3at no time resident F5... in the United Kingdom the chargeable amount is computed under this paragraph.

2

Where this paragraph applies the chargeable amount is the amount on which the trustees would have been chargeable to tax under section 2(2) by virtue of Schedule 4B if they had been F2resident F6... in the United Kingdom in the year F4(and had made the disposals which Schedule 4B treats them as having made).