I5.1246 Matching of settlement gains with capital payments—examples
The following examples illustrate the matching process detailed in I5.1245.
Example 1—capital payments to beneficiary
A non-resident settlement realises the following capital gains and capital losses and the trustees make the following capital payments to George, who is resident in the UK.
|Year||Capital gains (losses)||Capital payments|
The gains are matched as follows:
2016/17 No match; gains £10,000 carried forward to 2017/18.
2017/18 Gains £6,000 (£10,000 brought forward less losses £4,000) matched with £6,000 of the capital payments. Unmatched capital payments £3,000 are carried forward.
2018/19 Gains £19,000
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