SCHEDULES
SCHEDULE 12Settlements: amendment of TCGA 1992 etc
Part 3Consequential and minor amendments
Sub-fund settlements
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In section 286(3) of TCGA 1992 (connected persons: trustees)—
a
omit “and” at the end of paragraph (b), and
b
after paragraph (c) insert—
d
if the settlement is the principal settlement in relation to one or more sub-fund settlements, the trustees of the sub-fund settlements, and
e
if the settlement is a sub-fund settlement in relation to a principal settlement, the trustees of any other sub-fund settlements in relation to the principal settlement.