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SCHEDULES

SCHEDULE 1Chargeable gains accruing to non-residents etc

PART 2Consequential amendments

TCGA 1992

84(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”.