Taxation of Chargeable Gains Act 1992 Schedule 4C paragraph 8B

Attribution of gains in Schedule 4C pool

Paragraph 8B of Schedule 4C formerly dealt with the attribution of gains held in a Schedule 4C pool, but was repealed with effect from 6 April 2008.

• Paragraph 8B previously provided rules for attributing gains within a Schedule 4C pool to relevant beneficiaries or settlors of non-resident trusts.
• The provision was repealed by Finance Act 2008, Section 25 and Schedule 7, paragraphs 128 and 139.
• The repeal took effect from 6 April 2008, meaning the paragraph has no application to events occurring on or after that date.
• Paragraph 8C, which was a related provision, was also repealed at the same time and under the same legislative authority.

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