4(1)Section 225 of the Taxation of Chargeable Gains Act 1992 is amended as follows.U.K.
(2)In the opening words—
(a)for “a trustee” substitute “ the trustees of a settlement ”, and
(b)for “the trustee” substitute “ the trustees ”.
(3)In paragraph (a), for “the trustee” substitute “ the trustees ”.
(4)In paragraph (b)—
(a)for “the inspector” substitute “ an officer of the Board ”, and
(b)for “the trustee” substitute “ the trustees ”.
(5)At the end of that paragraph insert “ ; but section 223 (as so applied) shall apply only on the making of a claim by the trustees. ”.