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).
”