Finance Act 2006 (c. 25)

SCHEDULES

SCHEDULE 12 U.K. Settlements: amendment of TCGA 1992 etc

Part 3 U.K. Consequential and minor amendments

General U.K.

10 (1) In section 60(1) (nominees and bare trustees) in each place for “assets” substitute “ property ”. U.K.

(2) In section 60(2) (interpretation: property held for person absolutely entitled) in each place for “asset” substitute “ property ”.

(3) This paragraph shall have effect from 6th April 2006.