# The Child Trust Funds (Amendment) Regulations 2010, Regulation 12: Amendments to the Child Trust Funds Regulations 2004


In regulation 24 (exemption from tax of account income and gains)—
(a) in sub-paragraph (a)(ii) for “by section 714(2) of the Taxes Act” substitute “under Part 12 of ITA 2007”;
(b) for sub-paragraph (a)(iv) substitute—
“(iv) on a profit on the disposal of a deeply discounted security within the meaning given by section 430 of ITTOIA 2005;”;
(c) in sub-paragraph (a)(v) for “by section 541 of the Taxes Act” substitute “under Chapter 9 of Part 4 of ITTOIA 2005”;
(d) in sub-paragraph (c) for “section 349B(4) of the Taxes Act” substitute “section 935 of ITA 2007”;
(e) in sub-paragraph (d) for the words from “a corresponding” to “Taxes Act” substitute “a deficiency arising in a tax year and falling within section 539(1) of ITTOIA 2005”.

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Source: https://www.legislation.gov.uk/uksi/2010/582/regulation/12 (the official version)
Page: https://openlegislation.uk/child-trust-funds-amendment-regulations-2010/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.