[79A Restriction on set-off of trust losses]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[79A  Restriction on set-off of trust losses]

[(1)     This section applies to a chargeable gain accruing to the trustees of a settlement where—

(a)     in computing the gain, the allowable expenditure is reduced in consequence, directly or indirectly, of a claim to gifts relief in relation to an earlier disposal to the trustees;

(b)     the transferor on that

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