SCHEDULES

SCHEDULE 46Ordinary residence

PART 3Capital gains tax: accruals basis of taxation

TCGA 1992

82

1

Section 69 (trustees of settlements) is amended as follows.

2

In subsection (2), omit “and ordinarily resident”.

3

In subsection (2B)(c), omit “, ordinarily resident”.

4

In subsection (2E), for the words from “and ordinarily resident” to the end substitute “ in the United Kingdom, then for the purposes of this Act it is treated as being not resident in the United Kingdom ”.