CG38724 - Charge on beneficiary of non-resident settlement 鈥� TCGA92/S87: Matching in a later year - example - the rules for 2008-09 to 2017-18
2014-15
| Description | Amount |
|---|---|
| Trustees鈥� section 2(2) amount | 拢30,000 |
| Capital payment received beneficiary C | 拢26,000 |
2013-14
| Description | Amount |
|---|---|
| Unmatched capital payment beneficiary A | 拢5,000 |
This is a continuation of CG38715.
Section 87 gains
The capital payments received in 2014-15 are matched first against the section 2(2) amount for that year. Chargeable gains of 拢26,000 accrue to C in 2014-15 leaving an unmatched section 2(2) amount of 拢4,000.
The balance of the capital payment 拢5000 received in 2013-14 is matched against this gain. A gain of 拢4000 is treated as accruing to A in 2014-15. A鈥檚 unmatched capital payments received in 2013-14 are reduced to 拢1,000.