# Taxation of Chargeable Gains Act 1992, Paragraph 3


(1) This paragraph explains what is meant for the purposes of this Schedule by “Schedule 4B trust gains”.
(2) The Schedule 4B trust gains are computed in relation to each transfer of value to which that Schedule applies.
(3) In relation to a transfer of value the amount of the Schedule 4B trust gains for the purposes of this Schedule is given by—
CA-SG-ALwhere—
CA is the chargeable amount computed under paragraph 4 or 5 below,
SG is the amount of any gains attributed to the settlor that fall to be deducted under paragraph 6 below, and
AL is the amount of any allowable losses that may be deducted under paragraph 7 below.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/3 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-4C/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.