# Finance Act 2013, Paragraph 106


(1) Schedule 4A (disposal of interest in settled property: deemed disposal of underlying assets) is amended as follows.
(2) In paragraph 5(1) and (2), omit “and ordinarily resident”.
(3) In paragraph 6(1)—
(a) for “in the relevant” substitute “ as respects the relevant ”, and
(b) for the words from “either” to the end substitute “ met the residence condition set out in section 2(1A) ”.
(4) If any of the previous 5 years of assessment mentioned in paragraph 6(1) of Schedule 4A ends before 6 April 2013, the test in that paragraph is to be applied, as respects any such year ending before that date, as if that paragraph had not been amended by sub-paragraph (3).

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-46/paragraph-106
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.