SCHEDULES
SCHEDULE 17 Settlements: liability of settlor
Part III Consequential amendments of other enactments
Taxation of Chargeable Gains Act 1992 (c.12)
29
1
Section 79 of the Taxation of Chargeable Gains Act 1992 is amended as follows.
2
In subsection (2) omit paragraph (b) and the word “and” preceding it.
3
Omit subsection (4).
4
In subsection (5)—
a
for “subsections (3) and (4)” substitute “
subsection (3)
”
; and
b
in paragraph (a), omit the words “or income” wherever occurring.