This is the original version (as it was originally enacted).
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.”.
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