Paragraph 31

(1)

Section 86A (attribution of gains to settlor in section 10A cases) is amended as follows.

(2)

In subsection (2)—

(a)

for “the tapered section 86(1)(e) amount” substitute “ the amount falling within section 86(1)(e) ”, and

(b)

for “the tapered section 86(1)(e) amounts” substitute “ the amounts falling within section 86(1)(e) ”.

(3)

Omit subsection (2A).

(4)

Omit subsection (2B).

(5)

In subsection (7), for “the tapered section 10A amount” substitute “ the amount (or aggregate amount) falling in accordance with that section to be so attributed ”.

(6)

Omit subsection (7A).