In section 80 of the M1Finance Act 1981 (gains of non-resident settlements) the following subsection shall be inserted after subsection (6)—

“(6A)

In computing an amount under subsection (2) above in respect of the year 1991-92 or a subsequent year of assessment, the effect of Schedule 10 to the M2Finance Act 1988 (settlor chargeable instead of trustees in certain circumstances) shall be ignored.”