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 |
| | £ | | £ |
| 2016/17 | | 10,000 | | Nil |
| 2017/18 | | (4,000) | | 9,000 |
| 2018/19 | | 20,000 | | 16,000 |
| 2019/20 | | Nil | | 5,000 |
| | 26,000 | | 30,000 |
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
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