Schedules

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Taxation of Chargeable Gains Act 1992

266

1

Amend Schedule 5 (attribution of gains to settlors with interest in non-resident or dual resident settlement) as follows.

2

In paragraph 2—

a

in sub-paragraph (8)—

i

for “section 416 of the Taxes Act” substitute “ sections 450 and 451 of CTA 2010 ”,

ii

for “section 416(6)” substitute “ section 451(4) to (6) of CTA 2010 ”,

b

in sub-paragraph (9)—

i

for “section 416 of the Taxes Act” substitute “ section 449 of CTA 2010 ”,

ii

for “section 416(6)” substitute “ section 451(4) to (6) of CTA 2010 ”, and

c

in sub-paragraph (10) for “section 417(1) of the Taxes Act” substitute “ section 454 of CTA 2010 ”.

3

In paragraph 2A—

a

in sub-paragraph (8)—

i

for “section 416 of the Taxes Act” substitute “ sections 450 and 451 of CTA 2010 ”,

ii

for “section 416(6)” substitute “ section 451(4) to (6) of CTA 2010 ”,

b

in sub-paragraph (9)—

i

for “section 416 of the Taxes Act” substitute “ section 449 of CTA 2010 ”,

ii

for “section 416(6)” substitute “ section 451(4) to (6) of CTA 2010 ”, and

c

in sub-paragraph (10) in the definition of “participator” for “section 417(1) of the Taxes Act” substitute “ section 454 of CTA 2010 ”.

4

In paragraph 8—

a

in sub-paragraph (8)—

i

for “section 416 of the Taxes Act” substitute “ sections 450 and 451 of CTA 2010 ”,

ii

for “section 416(6)” substitute “ section 451(4) to (6) of CTA 2010 ”, and

b

in sub-paragraph (9) for “section 417(1) of the Taxes Act” substitute “ section 454 of CTA 2010 ”.

5

In paragraph 9—

a

in sub-paragraph (9)—

i

for “section 416 of the Taxes Act” substitute “ sections 450 and 451 of CTA 2010 ”,

ii

for “section 416(6)” substitute “ section 451(4) to (6) of CTA 2010 ”,

b

in sub-paragraph (10)—

i

for “section 416 of the Taxes Act” substitute “ section 449 of CTA 2010 ”,

ii

for “section 416(6)” substitute “ section 451(4) to (6) of CTA 2010 ”, and

c

in sub-paragraph (11) in the definition of “participator” for “section 417(1) of the Taxes Act” substitute “ section 454 of CTA 2010 ”.