SCHEDULES

SCHEDULE 26 U.K. Transfers of value: attribution of gains to beneficiaries

Part II U.K. Consequential amendments

Taxes Act 1988 U.K.

6 U.K. In section 740(6) of the Taxes Act 1988 (income tax charge in case of transfer of assets to non-resident: exclusion of benefit giving rise to charge to capital gains tax)—

(a) for “within the meaning of section 87 or 89(2) of the 1992 Act" substitute “ to which section 87 or 89(2) of, or paragraph 8 of Schedule 4C to, the 1992 Act applies ”;

(b) for “non-resident and migrant settlements" substitute “ gains attributed to beneficiaries ”; and

(c) after “either of those sections" insert “ , or that paragraph, ”.