[F1809Z7Interpretation of ChapterU.K.
(1)This section applies for the purposes of this Chapter.
(2)An individual's “foreign income and gains” for a tax year are—
(a)the individual's relevant foreign earnings for that year,
(b)the individual's foreign specific employment income for that year,
(c)the individual's relevant foreign income for that year, and
(d)if the individual is not domiciled in the United Kingdom in that year, the individual's foreign chargeable gains for that year.
(3)An individual's “relevant foreign earnings” for a tax year are—
(a)if the individual is ordinarily UK resident in that year, the individual's chargeable overseas earnings for that year, and
(b)otherwise, the individual's general earnings within section 26(1) of ITEPA 2003 for that year (non-UK earnings).
(4)An individual's “foreign specific employment income” for a tax year is such of the individual's specific employment income for that year as is foreign securities income for the purposes of section 41A of ITEPA 2003.
(5)An individual's “foreign chargeable gains” for a tax year are the foreign chargeable gains (within the meaning of section 12(4) of TCGA 1992) accruing to the individual in that year.
(6)In subsection (3)(a) “chargeable overseas earnings” has the same meaning as in section 22 of ITEPA 2003 (see section 23 of that Act).
(7)“The Commissioners” means the Commissioners for Her Majesty's Revenue and Customs.]
Textual Amendments
F1Pt. 14 Ch. A1 inserted (21.7.2008 with effect in accordance with Sch. 7 para. 81 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 1 (with Sch. 7 paras. 85-89)