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Section 131: Charge on settlors of settlements for grandchildren.

Finance Act 1998 · 1998 c. 36View on legislation.gov.uk

Part III: Income Tax, Corporation Tax and Capital Gains Tax — Chapter II: Taxation of Chargeable Gains

In paragraph 2 of Schedule 5 to the Taxation of Chargeable Gains Act 1992 (test whether settlor has interest)—

after sub-paragraph (3)(d) there shall be inserted the following paragraphs—daany grandchild of the settlor or of the settlor's spouse;dbthe spouse of any such grandchild;
in sub-paragraph (3)(e), for "(d)" there shall be substituted ." (db) "

For sub-paragraph (7) of that paragraph, there shall be substituted the following sub-paragraph—

Schedule 22 to this Act (which makes transitional provision and consequential amendments in connection with the provisions of this section) shall have effect.

The preceding provisions of this section and Schedule 22 to this Act apply for the year 1998-99 and subsequent years of assessment and shall be deemed to have applied for the year 1997-98.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.