This section has no associated Explanatory Notes
108(1)Schedule 5 (attribution of gains to settlors with interest in non-resident or dual resident settlement) is amended as follows.U.K.
(2)In paragraph 2A(4)—
(a)in paragraph (a), for “become on or after 17th March 1998 neither resident nor ordinarily resident” substitute “ cease on or after 17 March 1998 to be resident ”, and
(b)in paragraph (b), omit “and ordinarily resident”.
(3)In paragraph 9(4)—
(a)in paragraph (a), for “become on or after 19th March 1991 neither resident nor ordinarily resident” substitute “ cease on or after 19 March 1991 to be resident ”, and
(b)in paragraph (b), omit “and ordinarily resident”.
(4)The amendments made by this paragraph apply to changes in the residence status of trustees on or after 6 April 2013.