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).