Part III Individuals, partnerships, trusts and collective investment schemes F2etc
Annotations:
Amendments (Textual)
Chapter II Settlements
Migration of settlements, non-resident settlements and dual resident settlements
C1C287BF1Section 87: remittance basis
1
This section applies if—
a
b
F5c
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F92
The chargeable gains are chargeable gains accruing on the disposal of an asset situated outside the United Kingdom.
3
For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis) treat relevant property or benefits as deriving from the chargeable gains.
4
For the purposes of subsection (3) property or a benefit is “relevant” if the capital paymentF8, or onward payment (see section 87I(1)(c)), by reason of which the chargeable gains are treated as accruing consists of—
a
the payment or transfer of the property or its becoming property to which section 60 applies, or
b
the conferring of the benefit.
Word in Pt. 3 heading inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by Finance Act 2009 (c. 10), Sch. 22 para. 9; S.I. 2010/670, art. 2