Paragraph 60

Section 87G (settlor liable if capital payment received by close family member) is amended as follows.

In subsection (1)(b), for “at any time in that year” substitute “for that tax year”.

After subsection (2) insert—

“(2A)

But subsection (2) does not apply if—

(a)

the original recipient is resident in the United Kingdom for the tax year in which they receive the capital payment, and

(b)

the settlor is a qualifying new resident for that tax year.”

In subsection (4)—