SCHEDULES

SCHEDULE 46U.K.Ordinary residence

PART 2U.K.Income tax: arising basis of taxation

ITTOIA 2005U.K.

52(1)Section 715 (interest from FOTRA securities held on trust) is amended as follows.U.K.

(2)In subsection (1)(b), for “person not ordinarily UK resident” substitute “ non-UK resident person ”.

(3)In subsection (2)—

(a)for “person not ordinarily UK resident” substitute “ non-UK resident person ”, and

(b)for “is ordinarily UK resident at the time when” substitute “ is UK resident for the tax year in which ”.

(4)In relation to a FOTRA security issued before 6 April 2013, the amendments made by this paragraph apply only if the security was acquired by the trust on or after that date.