SCHEDULES
SCHEDULE 29Transfers of value: attribution of gains to beneficiaries
Minor and consequential amendments
6
(1)
In paragraph 10(1) for “of the transferor settlement, or of any transferee settlement,” substitute “
of any relevant settlement
”
.
F1(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2(3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)
After paragraph 13 insert—
“Effect of settlement ceasing to exist after transfer of value
13A
Where a settlement ceases to exist after the trustees have made a transfer of value to which Schedule 4B applies, this Schedule has effect as if a year of assessment had ended immediately before the settlement ceased to exist.”.