SCHEDULES
SCHEDULE 2Capital gains tax reform
Abolition of taper relief
31
1
Section 86A (attribution of gains to settlor in section 10A cases) is amended as follows.
2
In subsection (2)—
a
for “the tapered section 86(1)(e) amount” substitute “
the amount falling within section 86(1)(e)
”
, and
b
for “the tapered section 86(1)(e) amounts” substitute “
the amounts falling within section 86(1)(e)
”
.
3
Omit subsection (2A).
4
Omit subsection (2B).
5
In subsection (7), for “the tapered section 10A amount” substitute “
the amount (or aggregate amount) falling in accordance with that section to be so attributed
”
.
6
Omit subsection (7A).