# Finance Act 2008, Paragraph 145


(1) Paragraph 13 (increase in tax payable under this Schedule) is amended as follows.
(2) For sub-paragraph (1) substitute—
“(1) This paragraph applies if—
(a) chargeable gains are treated under paragraph 8 as accruing to a beneficiary by virtue of the matching (under section 87A) of all or part of a capital payment with the section 2(2) amount for a tax year (“the relevant tax year”), and
(b) the beneficiary is charged to tax by virtue of the matching.
(1A) Where part of a capital payment is matched, references in sub-paragraphs (2) and (3) to the capital payment are to the part matched.”
(3) In sub-paragraph (5)(a), for the words from “year of assessment” to the end (excluding the “and”) substitute “ tax year immediately after the relevant tax year, ”.

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Source: https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/145 (the official version)
Page: https://openlegislation.uk/finance-act-2008/schedule-7/paragraph-145
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.