85 Disposal of interests in non-resident settlements
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

85  Disposal of interests in non-resident settlements

(1)     Subsection (1) of section 76 shall not apply to the disposal of an interest in settled property, other than one treated under subsection (2) of that section as made in consideration of obtaining the settled property, if at the time of the disposal the trustees are [not resident] in the United Kingdom.

(2)     [Subject to subsections (4), (9) and (10) below,] subsection (3) below applies where—

(a)     section 80 applies as regards the trustees of a settlement,

(b)     after the relevant time (within the meaning of that section) a person disposes of an interest created by or arising under the settlement and the circumstances are such that subsection (1) above prevents section 76(1) applying, and

(c)     the interest was created for his benefit, or he otherwise acquired it, before the relevant time.

(3)

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