[87K Attribution of gains or payments to recipient of onward gift]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[87K  Attribution of gains or payments to recipient of onward gift]

[(1)     Where this section applies (see section 87I), G is—

(a)     the amount or value of so much of the onward payment as is within any of sub-paragraphs (i) to (iii) of section 87I(1)(d), or

(b)     if lower, the amount of the original payment.

(For the meaning of R and U, see section 87J.)

(2)     If R is greater than nil, sections 87 and 87A have effect for the gift year and later tax years—

(a)     as if a capital payment was received from the trustees by the subsequent recipient—

(i)

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