266(1)Amend Schedule 5 (attribution of gains to settlors with interest in non-resident or dual resident settlement) as follows.U.K.
(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 ”.