{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-1C/paragraph-6",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-1C/paragraph-6.json",
  "legislation": "ukpga/1992/12",
  "legislation_title": "Taxation of Chargeable Gains Act 1992",
  "legislation_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992",
  "path": "schedule/1C/paragraph/6",
  "kind": "paragraph",
  "number": "6",
  "heading": null,
  "text": "(1) This paragraph reduces the annual exempt amount for trustees of a settlement for a tax year if the settlement is one of two or more qualifying UK settlements comprised in a group.\n(2) In the case of a settlement for the benefit of a disabled person for the year, the annual exempt amount for the year is to be reduced so that it is equal to—\n(a) one-tenth of an individual's amount for that year, or\n(b) the amount resulting from dividing the individual's amount for that year by the number of settlements in the group,\nwhichever is the greater.\n(3) In the case of any other settlement, the annual exempt amount for the year is to be reduced so that it is equal to—\n(a) one-tenth of an individual's amount for that year, or\n(b) the amount resulting from dividing half of an individual's amount for that year by the number of settlements in the group,\nwhichever is the greater.\n(4) In this paragraph “an individual's amount”, in relation to a tax year, means the annual exempt amount applying to an individual for the year under section 1K.\n(5) For the purposes of this paragraph all qualifying UK settlements in relation to which the same person is the settlor constitute a group.\n(6) If—\n(a) two or more persons are settlors in relation to a settlement, and\n(b) a settlement is consequently comprised in two or more groups comprising different numbers of settlement,\nsub-paragraphs (2)(b) and (3)(b) have effect by reference to the largest group.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 1C inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 16"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/schedule/1C/paragraph/6",
    "retrieved_at": "2026-11-14T03:34:05.925206+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."
}