Part III Income Tax, Corporation Tax and Capital Gains Tax
Chapter II Other provisions
Capital gains tax: gifts and trusts
96 Payments by trustees to non-resident companies.
(1)
In section 96(5) of the M1Taxation of Chargeable Gains Act 1992 (capital payments by trustees to non-resident company), in the opening words (which refer to the persons by whom the company is controlled), omit “and each of them is then resident or ordinarily resident in the United Kingdom".
(2)
This section applies to payments received on or after 21st March 2000.