[90 Sections 87 and 89(2): transfers between settlements]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[90  Sections 87 and 89(2): transfers between settlements]

[(1)     This section applies if the trustees of a settlement (“the transferor settlement”) transfer all or part of the settled property to the trustees of another settlement (“the transferee settlement”).

(2)     In this section “the year of transfer” means the tax year in which the transfer occurs.

(3)     Treat [the section 1(3) amount] for the transferee settlement for any tax year (not later than the year of transfer) as increased by—

(a)     [the section 1(3) amount] for the

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