SCHEDULES

SCHEDULE 28Capital gains tax: reporting limits and annual exempt amount

Part 1Reporting limits

2

1

In the heading to Schedule 1 to that Act (application of exempt amount in cases involving settled property) after “Exempt Amount” insert “ And Reporting Limits ”.

2

In paragraph 1 of that Schedule (trustees for person with a disability) after sub-paragraph (5) insert—

5A

In its application to the trustees of a settlement, section 3A(1) has effect with the substitution for the reference to section 8 of the Management Act of a reference to section 8A of that Act.

3

In paragraph 2 of that Schedule (other trustees) after sub-paragraph (6) insert—

6A

In its application to the trustees of a settlement, section 3A(1) has effect with the substitution for the reference to section 8 of the Management Act of a reference to section 8A of that Act.