SCHEDULES

SCHEDULE 46 U.K.Ordinary residence

PART 1 U.K.Income tax and capital gains tax: remittance basis of taxation

Treatment of relevant foreign earnings U.K.

11 (1) Section 41C (foreign securities income) is amended as follows. U.K.

(2) In subsection (4), for paragraph (b) substitute—

“(b) the individual does not meet the requirement of section 26A for the year (reading references there to the employee as references to the individual),”.

(3) In subsection (6), for paragraph (b) substitute—

“(b) the individual meets the requirement of section 26A for the year (reading references there to the employee as references to the individual), and”.