[87A Section 87: matching]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[87A  Section 87: matching]

[(1)     This section supplements section 87.

(2)     The following steps are to be taken for the purposes of matching capital payments [with section 1(3) amounts].

Step 1
Find [the section 1(3) amount] for the relevant tax year.

Step 2
Find the total amount of capital payments received by the beneficiaries from the trustees in the relevant tax year.

Step 3
[The section 1(3) amount] for the relevant tax year is matched with—

(a)     if the total amount of capital payments received in the relevant tax year does not exceed [the section 1(3) amount] for the relevant tax year, each capital payment

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