Related Commentary  Related HMRC Manuals

169VI(1)  Subsection (2) applies where–

(a)a disposal falling within section 169VC(1)(a) and (b) is made by the trustees of a settlement,

(b)section 169VC applies to the disposal by reason of there being at least one individual who is an eligible beneficiary in respect of the disposal (see section 169VH), and

(c)at the time immediately before the disposal, there are two or more persons each of whom has under the settlement an interest in possession in the settled property.

169VI(2)  In such a case the reference in section 169VC(2) to the relevant gain is to be read as a reference–

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