Relief is given for the year in which the capital payment is matched against a section 2(2)* amount. A UK resident but non-domiciled individual beneficiary is not liable to Capital Gains Tax on that part of the gain that relates to the period before 6 April 2008. FA08/Sch7/para126(8) restricts the charge to Capital Gains Tax to the ‘relevant proportion’ of the gain.

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