SCHEDULES

SCHEDULE 5 Attribution of gains to settlors with interest in non-resident or dual resident settlement

Right of recovery

6

1

This paragraph applies where any tax becomes chargeable on, and is paid by, a person in respect of gains treated as accruing to him in a year under section 86(4).

2

The person shall be entitled to recover the amount of the tax from any person who is a trustee of the settlement.

3

For the purposes of recovering that amount, the person shall also be entitled to require an inspector to give him a certificate specifying—

a

the amount of the gains concerned, and

b

the amount of tax paid,

and any such certificate shall be conclusive evidence of the facts stated in it.