Finance Act 2006 (c. 25)

SCHEDULES

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

Part 3 U.K. Consequential and minor amendments

Residence of trustees U.K.

37 (1) In section 169(3)(a) (availability of hold-over relief)— U.K.

(a) for “fall to be treated, under section 69, as” substitute “ are ”, and

(b) omit the words from “, although” to the end of the paragraph.

(2) In section 169(3)(b)(ii) (notional disposal) for “arising” substitute “ accruing ”.

(3) This paragraph shall have effect in relation to relevant disposals (within the meaning given by section 169(2)) made on or after 6th April 2007 (in relation to settlements whenever created).

Commencement Information

I1 Sch. 12 paras. 35-40 in force at 6.4.2007 unless otherwise expressly provided see Sch. 12 para. 41