TCGA 1992
33(1)Section 86 (attribution of gains to settlors with interest in non-resident or dual resident settlements) is amended as follows.
(2)In subsection (1)(e), for “section 2(2)” substitute “section 1(3)”.
(3)For subsection (4ZA) substitute—
“(4ZA)Where (apart from this subsection) the amount mentioned in subsection (1)(e) would include a chargeable gain or allowable loss to which section 1A(3)(b) or (c) applies (disposals by non-UK residents within the charge to capital gains tax), so much of the gain or loss as would be so included is to be disregarded for the purposes of subsection (1)(e).”