[21 May 1992]


1. Sections 83–92 and Schedules 16–18 FA 1991 introduced new rules for capital gains of certain offshore trusts. These are now at Sections 80–98 and Schedule 5 TCGA 1992. This Statement explains the practice HM Revenue and Customs will follow in applying the new rules in the circumstances set out below. Statutory references are to the TCGA 1992 unless indicated otherwise.

Charge on migration: Residence

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