SCHEDULES
SCHEDULE 12Settlements: amendment of TCGA 1992 etc
Part 1Settlors, trustees and settlements
Interests in settlements
5
1
In paragraph 7(5) of Schedule 4A to TCGA 1992 (disposal of interest in settled property)—
a
leave out “or” at the end of paragraph (a), and
b
after paragraph (b) insert—
, or
c
in a case where the settlor is regarded as having an interest in a settlement by reason only of—
i
the fact that property is, or will or may become, payable to or applicable for the benefit of a dependent child of his, or
ii
the fact that a benefit is enjoyed by such a child,
where the settlor ceases during the year to have (and does not in that year subsequently come to have) any dependent child in relation to whom section 77(2A)(a) or (b) applies.
2
Sub-paragraph (1) shall have effect for the purpose of determining whether a settlor is regarded as having an interest in a settlement (whenever created) for the purposes of Schedule 4A to TCGA 1992 on or after 6th April 2006.