[F1[F28C(1)Where in a year of assessment—U.K.
(a)gains in a settlement’s Schedule 4C pool fall to be attributed to beneficiaries of relevant settlements, and
(b)one or more of those settlements also have gains that fall to be attributed to beneficiaries under section 87(4) or 89(2),
the provisions of paragraph 8B have effect as follows.
(2)The rules in that paragraph apply in relation to all the gains falling to be so attributed.
(3)As between gains of the same year, Schedule 4C gains are attributed to beneficiaries before other gains.]]
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
F2 Sch. 4C paras. 8, 8A-8C, 9 and cross-headings substituted for Sch. 4C paras. 8, 9 (10.7.2003) by Finance Act 2003 (c. 14), Sch. 29 para. 4(1) (with s. 163(4)-(6))