Schedule 4C Transfers of value: attribution of gains to beneficiariesC1C2C3F1
United Kingdom
- Introduction
- Outstanding section 1(3) amounts
- Computation of Schedule 4B trust gains
- Chargeable amount: non-resident settlement
- Chargeable amount: dual resident settlement
- Gains attributed to settlor
- Reduction for allowable losses
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- Gains to be brought into pool on subsequent transfer of value
- Attribution of Schedule 4C gains to beneficiaries
- Relevant settlements
- Attribution of gains: remittance basis
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- Attribution of gains: Schedule 4C pool gains and other gains
- Attribution of gains: disregard of certain capital payments
- Residence of trustees from whom capital payment received
- Taper relief
- Attribution of gains to settlor in section 1M cases
- Attribution of gains to beneficiaries in section 1M cases
- Increase in tax payable under this Schedule
- Effect of settlement ceasing to exist after transfer of value
- Interpretation
Annotations
Textual amendments
- F1
Sch. 4C inserted (with effect in accordance with s. 92(5) of the amending Act) by Finance Act 2000 (c. 17), s. 92(4), Sch. 26 Pt. I
Modifications
- C1
Sch. 4C modified (21.7.2008) by Finance Act 2008 (c. 9), Sch. 7 paras. 152-155
- C2
Sch. 4C applied (with modifications) by Income and Corporation Taxes Act 1988 (c. 1), s. 762(3) (as substituted (with effect in accordance with Sch. 7 para. 98 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 93(3))
- C3
Sch. 4C applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 20(3)