Finance Act 2013 (c. 29)

SCHEDULES

SCHEDULE 46 U.K. Ordinary residence

PART 3 U.K. Capital gains tax: accruals basis of taxation

TCGA 1992 U.K.

110 (1) Schedule 5B (enterprise investment scheme: re-investment) is amended as follows. U.K.

(2) In paragraph 1—

(a) in sub-paragraph (1)(d), omit “or ordinarily resident”, and

(b) in sub-paragraph (4)(a), omit “or ordinarily resident”.

(3) In paragraph 3(3)(b), omit “or ordinarily resident”.

(4) In paragraph 19(1), in the definition of “non-resident”, for “neither resident nor ordinarily resident” substitute “ not resident ”.

(5) The amendments made by this paragraph apply in cases where the accrual time is on or after 6 April 2013 (even if the qualifying investment was made before that date).