Paragraph 7
(1)
Schedule 4A (disposal of interest in settled property: deemed disposal of underlying assets) is amended as follows.
(2)
In paragraph 7—
(a)
in sub-paragraph (4), for “77(2) to (5) and (8)” substitute “ 169F(2) to (6) ”, and
(b)
in sub-paragraph (5)(c), for “77(2A)(a) or (b)” substitute “ 169F(3A)(a) or (b) ”.
(3)
In paragraph 12—
(a)
for “section 79(1) and (3) to (5A)” substitute “ paragraphs 7 and 8(1), (3), (6) and (7) of Schedule 5 ”, and
(b)
for “sections 77 and 78” substitute “ section 86 ”.