Finance Act 2013

107 (1) Schedule 4C (transfers of value: attribution of gains to beneficiaries) is amended as follows. U.K.

(2) In paragraph 1A(3), for the words from “the beneficiary” to the end substitute “ , as respects that year, the beneficiary meets the residence condition set out in section 2(1A) ”.

(3) In paragraph 4—

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

(b) in sub-paragraph (2), omit “and ordinarily resident”.

(4) In paragraph 5(1)—

(a) in paragraph (a), omit “and ordinarily resident”, and

(b) in paragraph (b), omit “and ordinary residence”.

(5) In paragraph 9(3)(a)(i), omit “and ordinarily resident”.

(6) In paragraph 10(1), omit “and ordinarily resident”.