Finance Act 2008

31(1)Section 86A (attribution of gains to settlor in section 10A cases) is amended as follows.U.K.

(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).