(1) Part 19 of the Principal Act is hereby amended in Chapter 7 -
(a) in section 613 -
(i) in subsection (4)(a) by the substitution for "No chargeable gain" of "Subject to subsection (5), no chargeable gain", and
(ii) by the insertion after subsection (4) of the following subsections:
"(5) Subsection (4)(a) shall not apply -
(a) to the disposal of an interest in settled property, other than such a disposal treated under subsection (4)(b) as made in consideration of obtaining the settled property, if at the time of the disposal the trustees are neither resident nor ordinarily resident in the State,
(b) if the settlement falls within subsection (6), or
(c) the property comprised in the settlement is or includes property that is derived directly or indirectly from a settlement falling within subsection (6).
(a) In this subsection 'arrangements' means arrangements having the force of law by virtue of section 826 (as extended to capital gains tax by section 828).
(b) A settlement falls
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