# Finance Act 2013, Paragraph 123


(1) Schedule 4C (transfers of value: attribution of gains to beneficiaries) is amended as follows.
(2) In paragraph 6(1)(b), for “year of return” substitute “ period of return ”.
(3) In paragraph 12(1)—
(a) for paragraph (a) substitute—
“(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
(b) in paragraph (b), for “the intervening year” substitute “ year A ”.
(4) In paragraph 12(2), for “year of return” substitute “ period of return ”.
(5) In paragraph 12A(1)—
(a) for “year of return” substitute “ period of return ”, and
(b) for “an intervening year” substitute “ the temporary period of non-residence ”.

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-45/paragraph-123
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.