# Finance Act 2004, Paragraph 4


(1) Section 225 of the Taxation of Chargeable Gains Act 1992 is amended as follows.
(2) In the opening words—
(a) for “a trustee” substitute “ the trustees of a settlement ”, and
(b) for “the trustee” substitute “ the trustees ”.
(3) In paragraph (a), for “the trustee” substitute “ the trustees ”.
(4) In paragraph (b)—
(a) for “the inspector” substitute “ an officer of the Board ”, and
(b) for “the trustee” substitute “ the trustees ”.
(5) At the end of that paragraph insert “ ; but section 223 (as so applied) shall apply only on the making of a claim by the trustees. ”.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-22/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.