[169J Disposal of trust business assets]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[169J  Disposal of trust business assets]

[(1)     There is a disposal of trust business assets where—

(a)     the trustees of a settlement make a disposal of settlement business assets (see subsection (2)),

(b)     there is an individual who is a qualifying beneficiary (see subsection (3)), and

(c)     the relevant condition is met (see subsections (4) and (5)).

(2)     In this Chapter “settlement business assets” means—

(a)     assets consisting of (or of interests in) shares in or securities of a company, or

(b)     assets (or interests in assets) used or previously used for the purposes

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