http://www.legislation.gov.uk/id/ukpga/1996/8

SCHEDULES

SCHEDULE 6Taxation of savings at the lower rate

The Taxes Act 1988

20

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”.