56(1)Section 3 (annual exempt amount) is amended as follows.U.K.
(2)After subsection (1) insert—
“(1A)Subsection (1) does not apply to an individual for a tax year if section 809B of ITA 2007 (claim for remittance basis to apply) applies to the individual for that year.”
(3)In subsection (5C)—
(a)after paragraph (a) insert—
“(aa)if section 16ZB (certain chargeable gains charged on remittance basis) applies for that year, deducting the amount of the relevant gains (within the meaning of that section),” and
(b)in paragraph (b), after “deducting” insert “ (from the amount mentioned in paragraph (a), as reduced under paragraph (aa)) ” .