SCHEDULES

SCHEDULE 1Chargeable gains accruing to non-residents etc

PART 2Consequential amendments

84TCGA 1992

1

Section 279C (effect of election under section 279A) is amended as follows.

2

In subsection (3), for “section 2(2)(a)” substitute “section 1(3)(a)”.

3

In subsection (4)—

a

for “section 2(2)” substitute “section 1(3)”, and

b

omit “(read, where appropriate, with section 2(4)(a))”.

4

In subsection (5), for “section 2(2)(b)” substitute “section 1(3)(b)”.

5

In subsection (6)—

a

in the opening words, for “section 2(2)(b)” substitute “section 1(3)(b)”, and

b

in paragraph (c), for “section 10A” substitute “section 1M”.