SCHEDULES

SCHEDULE 46Ordinary residence

PART 3Capital gains tax: accruals basis of taxation

TCGA 1992

110

1

Schedule 5B (enterprise investment scheme: re-investment) is amended as follows.

2

In paragraph 1—

a

in sub-paragraph (1)(d), omit “or ordinarily resident”, and

b

in sub-paragraph (4)(a), omit “or ordinarily resident”.

3

In paragraph 3(3)(b), omit “or ordinarily resident”.

4

In paragraph 19(1), in the definition of “non-resident”, for “neither resident nor ordinarily resident” substitute “ not resident ”.

5

The amendments made by this paragraph apply in cases where the accrual time is on or after 6 April 2013 (even if the qualifying investment was made before that date).