[169C Clawback of relief if settlement becomes settlor-interested etc]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[169C  Clawback of relief if settlement becomes settlor-interested etc]

[(1)     This section applies in relation to a disposal (“the relevant disposal”)—

(a)     made by a person (“the transferor”) to the trustees of a settlement,

(b)     in relation to which section 165(4) or 260(3) applies, or would apart from this section apply, and

(c)     in respect of which Condition 1 or Condition 2 below is satisfied.

(2)     Condition 1 is that, at any time during the clawback period,—

(a)     there is a settlor who has an interest in the settlement, or

(b)     an arrangement subsists under which such an interest will or may be acquired by a settlor.

(3)     Condition 2 is that—

(a)     in computing the chargeable gain which would (assuming that neither section 165(4) nor section 260(3)

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