Amendment made: No. 224, in page 33, line 31, at end insert— '(5A) Where—

1. (a) the whole or part of the benefit received by an individual in a year of assessment is a capital payment within the meaning of section 77 or 78(2) below (because not falling within the amount of relevant income referred to in paragraph (a) of sub-section (2) above); and
2. (b) chargeable gains are by reason of that payment treated under either of those sections as accruing to him in that or a subsequent year,

paragraph (b) of that subsection shall apply in relation to any year of assessment ("a year of charge") after one in which chargeable gains have been so treated as accruing to him as of a part of the amount or value of the benefit corresponding to the amount of those gains had been treated under the subsection as his income for a year of assessment before the year of charge. '—[Mr. Peter Rees.]