Sch 1 para 35
(1) Section 87 (non-UK resident settlements: attribution of gains to beneficiaries) is amended as follows. (2) In subsection (2), for “the section 2(2) amount” substitute “ the section 1(3) amount ” . (3) In subsection (4)— (a) in the opening words, for “The section 2(2) amount” substitute “ The section 1(3) amount ” , and (b) in paragraph (a), for “section 2(2)” substitute “ section 1(3) ” . (4) In subsection (5), for “The section 2(2) amount” substitute “ The section 1(3) amount ” . (5) For subsection (5A) substitute— (5A) Where (apart from this subsection) the amount mentioned in subsection (4)(a) would include a chargeable gain or allowable loss to which section 1A(3)(b) or (c) applies (disposals by non-UK residents within the charge to capital gains tax), so much of the gain or loss as would be so included is to be disregarded for the purposes of determining the section 1(3) amount. (6) In subsection (5B), for “the section 2(2) amount” substitute “ the section 1(3) amount ” .