SCHEDULES
SCHEDULE 13Settlements: amendments to ICTA and ITTOIA 2005 etc
Part 2Minor and consequential amendments
32
1
The following provisions of ITTOIA 2005 shall cease to have effect—
a
section 457(4), and
b
section 568(5).
2
In section 457(5) of ITTOIA 2005 for “(2) to (4)” substitute “
(2) and (3)
”
.
3
In section 467(7) of that Act for paragraph (b) substitute—
b
at the rate applicable by virtue of section 686A of ICTA (payments treated as income) in any other case.
4
This paragraph shall have effect in relation to payments made on or after 6th April 2006 to the trustees of a settlement (whenever created).