Finance Act 1995 (c. 4)

SCHEDULES

SCHEDULE 17 U.K. Settlements: liability of settlor

Part III U.K. Consequential amendments of other enactments

Taxation of Chargeable Gains Act 1992 (c.12) U.K.

29 (1) Section 79 of the Taxation of Chargeable Gains Act 1992 is amended as follows. U.K.

(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.