Point in time view as at 15/09/2016.
Taxation of Chargeable Gains Act 1992, Paragraph 14 is up to date with all changes known to be in force on or before 07 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.
[F114(1)In this Schedule—U.K.
(a)“transfer of value” has the same meaning as in Schedule 4B; and
(b)references to the time at which a transfer of value was made are to the time which is the material time for the purposes of that Schedule.
(2)In this Schedule, in relation to a transfer of value—
(a)references to the transferor settlement are to the settlement the trustees of which made the transfer of value; and
(b)references to a transferee settlement are to any settlement of which the settled property includes property representing, directly or indirectly, the proceeds of the transfer of value.
(3)References in this Schedule to beneficiaries of a settlement include—
(a)persons who have ceased to be beneficiaries by the time the chargeable gains accrue, and
(b)persons who were beneficiaries of the settlement before it ceased to exist,
but who were beneficiaries of the settlement at a time in a previous year of assessment when a capital payment was made to them.]
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
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