Related Commentary  Related HMRC Manuals

89(1)  Where a period of one or more years of assessment for which section 87 applies to a settlement (“a non-resident period” ) succeeds a period of one or more years of assessment for each of which section 87 does not apply to the settlement (“a resident period” ), a capital payment received by a beneficiary in the resident period shall be disregarded for the purposes of sections 87 and 87A if it was not made in anticipation of a disposal made by the trustees in the non-resident period.

89(1A)  Subsection (2) applies to a settlement if–

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