{
  "url": "https://openlegislation.uk/finance-act-2013/schedule-45/paragraph-123",
  "json_url": "https://openlegislation.uk/finance-act-2013/schedule-45/paragraph-123.json",
  "legislation": "ukpga/2013/29",
  "legislation_title": "Finance Act 2013",
  "legislation_url": "https://openlegislation.uk/finance-act-2013",
  "path": "schedule/45/paragraph/123",
  "kind": "paragraph",
  "number": "123",
  "heading": null,
  "text": "(1) Schedule 4C (transfers of value: attribution of gains to beneficiaries) is amended as follows.\n(2) In paragraph 6(1)(b), for “year of return” substitute “ period of return ”.\n(3) In paragraph 12(1)—\n(a) for paragraph (a) substitute—\n“(a) by virtue of section 10A, an amount of chargeable gains within section 86(1)(e) that accrued in a tax year (“year A”) to the trustees of a settlement would be treated as accruing to a person (“the settlor”) in the period of return, and”, and\n(b) in paragraph (b), for “the intervening year” substitute “ year A ”.\n(4) In paragraph 12(2), for “year of return” substitute “ period of return ”.\n(5) In paragraph 12A(1)—\n(a) for “year of return” substitute “ period of return ”, and\n(b) for “an intervening year” substitute “ the temporary period of non-residence ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123",
    "retrieved_at": "2026-10-29T09:08:06.076240+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}