SCHEDULES

SCHEDULE 45Statutory residence test

PART 3Split year treatment

Special charging rules for capital gains

96

In section 13 (attribution of gains to members of non-resident companies), after subsection (3) insert—

3A

Subsection (2) does not apply in the case of a participator who is an individual if—

a

the tax year in which the chargeable gain accrues to the company is a split year as respects the participator, and

b

the chargeable gain accrues to the company in the overseas part of that year.