SCHEDULES
SCHEDULE 1Chargeable gains accruing to non-residents etc
PART 2Consequential amendments
35TCGA 1992
1
Section 87 (non-UK resident settlements: attribution of gains to beneficiaries) is amended as follows.
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3
In subsection (4)—
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5
For subsection (5A) substitute—
5A
Where (apart from this subsection) the amount mentioned in subsection (4)(a) 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 determining the section 1(3) amount.