SCHEDULES

SCHEDULE 7Remittance basis

Part 2Non-resident companies and trusts etc

Offshore income gains

97

In section 734 of ITA 2007 (reduction in amount charged: previous capital gains tax charge), after subsection (4) insert—

5

References in this section to chargeable gains treated as accruing to an individual include offshore income gains treated as arising to the individual (see section 762 of ICTA).