SCHEDULES

SCHEDULE 1Chargeable gains accruing to non-residents etc

PART 2Consequential amendments

TCGA 1992

25

1

Section 25 (non-residents: deemed disposals) is amended as follows.

2

In subsection (3A), for paragraph (b) substitute—

b

on ceasing to carry on the trade the asset is disposed of in circumstances in which section 139 or 171 applies.

3

In subsection (7), for the words from “the disposal—” to the end substitute “ the disposal would be chargeable to capital gains tax under section 1A(3)(a) or to corporation tax under section 2B(3). ”