SCHEDULES

SCHEDULE 1Chargeable gains accruing to non-residents etc

PART 2Consequential amendments

69TCGA 1992

1

Section 190 (tax recoverable from another group company or controlling director) is amended as follows.

2

In subsection (2), for paragraph (b) substitute—

b

that the gain is chargeable to corporation tax as a result of section 2B(3) or (4).

3

In subsection (3)(b), for the words from “gain forms” to “10B” substitute “taxpayer company was not resident in the United Kingdom at the time when the gain accrued”.