# Taxation of Chargeable Gains Act 1992, Paragraph 14

Extent: E+W+S+N.I.

If the trustees of a settlement have elected that 508 of ITA 2007 (trustees' election in respect of income arising from heritage maintenance property) shall have effect in the case of a settlement or part of a settlement in relation to a year of assessment, this Schedule does not apply in relation to the settlement or part for that year.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/4A/paragraph/14 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-4A/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.