http://www.legislation.gov.uk/ukpga/1998/36/section/130Finance Act 1998An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.1998-07-31texttext/xmlenStatute Law Database2026-04-22Expert Participation2026-03-18 Part III Income Tax, Corporation Tax and Capital Gains TaxChapter II Taxation of Chargeable Gains Non-residents <Abbreviation Expansion="et cetera" xml:lang="la">etc.</Abbreviation> Charge on beneficiaries of settlements with non-resident settlors.1301. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2In subsection (1) of section 88 of that Act (charge on beneficiaries of a settlement treated as resident outside the United Kingdom if the settlor is or has been domiciled and resident in the United Kingdom)β€”athe word β€œand” shall be inserted at the end of paragraph (a); andbparagraph (c) and the word β€œand" immediately preceding it shall be omitted.3Subject to subsection (4) below, the preceding provisions of this section apply for the year 1998-99 and subsequent years of assessment and shall be deemed to have applied for the year 1997-98.4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .S. 130(1) omitted (with effect in accordance with Sch. 7 para. 115 to the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 7 para. 114(a)S. 130(4) omitted (with effect in accordance with Sch. 7 para. 115 to the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 7 para. 114(a)