SCHEDULES

SCHEDULE 7Remittance basis

Part 1Main provisions

Minor and consequential amendments

70

1

Section 857 (partners to whom the remittance basis may apply) is amended as follows.

2

In subsection (1), for paragraph (c) substitute—

c

section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to a partner for a tax year.

3

In subsection (3), omit “for the purposes of this Act (see Part 8)”.

4

Accordingly, in the heading, for “may apply” substitute “ applies ”.