Point in time view as at 05/04/2022.
Taxation of Chargeable Gains Act 1992, Cross Heading: Computation of Schedule 4B trust gains is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Textual Amendments
F1Sch. 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
3(1)This paragraph explains what is meant for the purposes of this Schedule by “Schedule 4B trust gains”.U.K.
(2)The Schedule 4B trust gains are computed in relation to each transfer of value to which that Schedule applies.
(3)In relation to a transfer of value the amount of the Schedule 4B trust gains for the purposes of this Schedule is given by—
where—
CA is the chargeable amount computed under paragraph 4 or 5 below,
SG is the amount of any gains attributed to the settlor that fall to be deducted under paragraph 6 below, and
AL is the amount of any allowable losses that may be deducted under paragraph 7 below.]
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