SCHEDULES
SCHEDULE 22Chargeable gains: private residence relief
Private residence occupied under terms of settlement
4
1
Section 225 of the Taxation of Chargeable Gains Act 1992 is amended as follows.
2
In the opening words—
a
for “a trustee” substitute “
the trustees of a settlement
”
, and
b
for “the trustee” substitute “
the trustees
”
.
3
In paragraph (a), for “the trustee” substitute “
the trustees
”
.
4
In paragraph (b)—
a
for “the inspector” substitute “
an officer of the Board
”
, and
b
for “the trustee” substitute “
the trustees
”
.
5
At the end of that paragraph insert “
;
but section 223 (as so applied) shall apply only on the making of a claim by the trustees.
”
.