SCHEDULES
SCHEDULE 6 Taxation of savings at the lower rate
The Taxes Act 1988
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In section 743(1) of that Act (supplemental provisions relating to transfers of assets abroad)—
a
after the words “the basic rate”, in the first place where they occur, there shall be inserted “
or the lower rate
”
; and
b
for “income that has borne tax at the basic rate”, there shall be substituted “
any income to the extent that it has borne tax at that rate
”
.