SCHEDULES

SCHEDULE 1Income tax: abolition of non-residents' personal reliefs

Consequential amendments

3

1

Section 266 (life assurance premiums) is amended as follows.

2

In subsection (1)—

a

for “individual” substitute “ eligible individual ”, and

b

omit “or makes a payment falling within subsection (7) below”.

3

After that subsection insert—

1A

For the purposes of subsection (1) above an individual is an eligible individual if the individual—

a

is resident in the United Kingdom, or

b

meets the conditions in section 56(3) of ITA 2007.

4

In subsection (3), omit “(7),”.

5

In subsection (4), for “subsections (7) and” substitute “ subsection ”.

6

Omit subsection (7).

7

In subsection (8), for “and is entitled to relief by virtue of section 278(2) or (2ZA)” substitute “ (but is entitled to relief by virtue of subsection (1A)(b)) ”.