SCHEDULES

SCHEDULE 46Ordinary residence

PART 2Income tax: arising basis of taxation

ITTOIA 2005

48

1

In section 636 (calculation of undistributed income), in subsection (2)(b), for “, resident and ordinarily resident” substitute “ and resident ”.

2

The amendment made by this paragraph does not apply in calculating income arising under a settlement in tax years ending before 6 April 2013.