SCHEDULES

SCHEDULE 2 U.K. Capital gains tax reform

Abolition of taper relief U.K.

47 (1) Paragraph 6 (gains attributed to settlor) is amended as follows. U.K.

(2) In sub-paragraph (1), for “the tapered amount of any chargeable gains” substitute “ the amount of any chargeable gains ”.

(3) Omit sub-paragraph (1A).