Part 2Income tax, corporation tax and capital gains tax
Chapter 4Trusts with vulnerable beneficiary
Miscellaneous and supplementary
44Consequential amendments
(1)
In section 687(3) of ICTA (payments under discretionary trusts: amounts to be set off against income tax assessable on trustees in respect of tax credit), after paragraph (k) insert—
“(l)
the amount of any income tax determined in accordance with section 26 of the Finance Act 2005.”
(2)
In Schedule 4B to TCGA 1992 (transfers of value by trustees linked with trustee borrowing), in paragraph 3(2), after “in that year” insert “
(otherwise than by virtue of section 31 of the Finance Act 2005)
”
.