SCHEDULES

SCHEDULE 12Settlements: amendment of TCGA 1992 etc

Part 3Consequential and minor amendments

Sub-fund settlements

43

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.