Section 92 | Transfers of value by trustees linked with trustee borrowing.

(1)After section 76A of the Taxation of Chargeable Gains Act 1992 (inserted by section 91(1) above), insert—

76BTransfers of value by trustees linked with trustee borrowing.

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(2)After Schedule 4A to that Act (inserted by section 91(2) above), insert the Schedule 4B set out in Schedule 25 to this Act.

(3)After section 85 of that Act, insert—

85ATransfers of value: attribution of gains to beneficiaries.

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(4)After Schedule 4B to the Taxation of Chargeable Gains Act 1992 (inserted by subsection (2) above), insert the Schedule 4C set out in Part I of Schedule 26 to this Act.The consequential amendments in Part II of Schedule 26 to this Act have effect.

(5)The provisions of this section have effect in relation to any transfer of value in relation to which the material time is on or after 21st March 2000.The expressions “transfer of value” and “material time” have the same meaning in this subsection as in Schedule 4B to the Taxation of Chargeable Gains Act 1992.