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SCHEDULES

SCHEDULE 1Non-UK resident vulnerable persons: interpretation

Vulnerable person’s notional section 77 gains

4(1)The “vulnerable person’s notional section 77 gains” for the tax year means the chargeable gains that would be treated as accruing to the vulnerable person in the tax year under section 77 of TCGA 1992 by virtue of section 31 of this Act if the relevant assumptions were made.

(2)In this paragraph “relevant assumptions” has the meaning given in paragraph 7.