12(1)The amendments made by this Part of this Schedule have effect in relation to the acquisition, holding and disposal of rights in a relevant offshore fund on or after the commencement day, subject to paragraphs 13 and 15.U.K.
(2)In this paragraph and paragraphs 15 to 18 “the commencement day” means—
(a)in relation to the acquisition, holding and disposal of rights by a person subject to the charge to capital gains tax, 1 December 2009, and
(b)in relation to the acquisition, holding and disposal of rights by a person subject to the charge to corporation tax, such day as the Treasury may by order appoint.
Modifications etc. (not altering text)
C1Sch. 22 para. 12(2)(b): 1.4.2010 appointed by S.I. 2010/670, art. 2