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

Part 3U.K.Consequential and minor amendments


23(1)In section 251(5) (debts: trustee creditors)—U.K.

(a)for “Where the original creditor is a trustee and the debt, when created, is settled property” substitute “ Where the trustees of a settlement are the original creditor ”, and

(b)for “as against the trustee” substitute “ as against the trustees ”.

(2)This paragraph shall have effect in relation to debts created on or after 6th April 2006.