SCHEDULES
SCHEDULE 7Remittance basis
Part 2Non-resident companies and trusts etc
Attribution of gains to beneficiaries: commencement etc
124
1
This paragraph applies if—
a
chargeable gains are treated under section 87 or 89(2) of TCGA 1992 as accruing to an individual in the tax year 2008-09 or any subsequent tax year, and
b
the individual is not domiciled in the United Kingdom in that year.
2
The individual is not charged to capital gains tax on the chargeable gains if and to the extent that they are treated as accruing by reason of—
a
a capital payment received (or treated as received) by the individual before 6 April 2008, or
b
the matching of any capital payment with the section 2(2) amount for the tax year 2007-08 or any earlier tax year.