SCHEDULES

C1SCHEDULE 36Agreement between UK and Switzerland

Annotations:
Modifications etc. (not altering text)

PART 5General provisions

F1Transfers to HMRC under Agreement

Annotations:
Amendments (Textual)
F1

Sch. 36 paras. 26A, 26B and cross-heading inserted (retrospective to 1.1.2013) by Finance Act 2013 (c. 29), s. 221(1)(2)

26B

1

This paragraph applies if—

a

but for paragraph 26A(1), income or chargeable gains would have been regarded as remitted to the United Kingdom by virtue of the bringing of money to the United Kingdom, and

b

section 809Q of ITA 2007 (transfers from mixed funds) would have applied in determining the amount that would have been so remitted.

2

The bringing of the money to the United Kingdom counts as an offshore transfer for the purposes of section 809R(4) of ITA 2007 (composition of mixed fund).