SCHEDULES

SCHEDULE 7Remittance basis

Part 1Main provisions

Chargeable gains

57

In section 3A (reporting limits), after subsection (5) insert—

5A

Subsection (1) does not apply to an individual for a tax year if—

a

section 809B of ITA 2007 (claim for remittance basis to apply), or

b

section 16ZB below (certain chargeable gains charged on remittance basis),

applies to the individual for that year.