SCHEDULES
SCHEDULE 1Chargeable gains accruing to non-residents etc
PART 3Commencement and transitional provisions etc
121
1
This paragraph applies to—
a
allowable NRCGT losses accruing to a person before 6 April 2019, and
b
ring-fenced ATED-related allowable losses accruing to a person before that date,
so far as they have not been deducted under section 2B, 8(1)(b)(ii), 14D or 188D of TCGA 1992 (as those provisions have effect before the amendments made by this Schedule) from chargeable gains accruing before that date.
2
3
If losses to which this paragraph applies accrued to any other person, they—
4
In this paragraph—
a
the reference to allowable NRCGT losses is to be read in accordance with Schedule 4ZZB to TCGA 1992 (as that Schedule has effect before its repeal by this Schedule), and
b
the reference to ring-fenced ATED-related allowable losses is to be read in accordance with section 2B of that Act (as that section has effect before its repeal by this Schedule).