Taxation of Chargeable Gains Act 1992 section 76B

Transfers of value by trustees linked with trustee borrowing

Section 76B introduces Schedule 4B, which applies special rules where trustees make transfers of value that are connected with borrowing arrangements entered into by the trustees.

• This section activates Schedule 4B of the Taxation of Chargeable Gains Act 1992, which deals with trustee borrowing linked to transfers of value.
• The provisions apply from 21 March 2000 onwards.
• The rules target arrangements where trustees transfer value in a way that is treated as linked with borrowing by those trustees.
• The detailed anti-avoidance provisions and definitions of what constitutes a linked transfer are set out in Schedule 4B itself.