SCHEDULES

SCHEDULE 12Settlements: amendment of TCGA 1992 etc

Part 3Consequential and minor amendments

General

24

1

In section 283(4) (repayment supplements)—

a

for “a trust or,” substitute “ the trustees of a settlement or ”, and

b

omit “as such (within the meaning of section 701(4) of that Act)”.

2

Sub-paragraph (1)(a) shall have effect in relation to a repayment made on or after 6th April 2006.

3

Sub-paragraph (1)(b) shall have effect in relation to a repayment made on or after 6th April 2006 (irrespective of the date on which the deceased person died).