SCHEDULES

SCHEDULE 3Offshore receipts in respect of intangible property

3

1

Section 576 (priority between Chapters within Part 5) is amended as follows.

2

The existing provision becomes subsection (2) of that section.

3

Before that subsection insert—

1

Any income, so far as it falls within Chapter 2 (receipts from intellectual property) and Chapter 2A (offshore receipts in respect of intangible property), is dealt with under Chapter 2.