Yn ddilys o 03/05/1994
(1)For the purposes of sections 468M and 468N, the residence condition is fulfilled with respect to a unit holder if—
(a)there is a valid declaration made by him that he is not ordinarily resident in the United Kingdom; or
(b)he holds the rights as a personal representative of a unit holder and—
(i)before his death the deceased made a declaration valid at the time of his death that he was not ordinarily resident in the United Kingdom; or
(ii)the personal representative has made a declaration that the deceased, immediately before his death, was not ordinarily resident in the United Kingdom.
(2)For the purposes of sections 468M and 468N, the residence condition is also fulfilled with respect to a unit holder if the unit holder is a company and there is a valid declaration made by the company that it is not resident in the United Kingdom.
(3)The Board may by regulations make such provision as appears to them to be necessary or expedient modifying the application of this section and section 468P in relation to interest distributions made to or received under a trust.
(4)Regulations under subsection (3) above may—
(a)make different provision for different cases; and
(b)contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.
Modifications etc. (not altering text)
C1Ss. 468O, 468P applied (with modifications) (27.9.1994) by The Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 1994 (S.I. 1994/2318), regs. 1, 3-6