6(1)Section 87 of that Act (attribution of gains to beneficiaries) is amended as follows.
(2)In subsection (3) (reduction in gains available for attribution to beneficiaries by amounts attributed to settlor under section 86), for the words from “reduced by the amount" to the end substitute “ reduced by the tapered section 86(4) amount ”.
(3)After that subsection insert—
“(3A)In subsection (3) above “the tapered section 86(4) amount” means the amount, or aggregate of the amounts, treated as accruing as mentioned in subsection (3)(a) above, minus the total amount of any taper relief that would be deductible from that amount or aggregate by the trustees of the settlement but for section 86(1)(e)(ii).”.