SCHEDULES

SCHEDULE 46Ordinary residence

PART 1Income tax and capital gains tax: remittance basis of taxation

Treatment of relevant foreign earnings

9

1

In section 26 (foreign earnings for year when remittance basis applies and employee not ordinarily UK resident), in subsection (1), for “is not ordinarily UK resident in” substitute “ meets the requirement of section 26A for ”.

2

Accordingly—

a

in the heading of that section, for “not ordinarily UK resident” substitute “ meets section 26A requirement ”, and

b

in the italicised heading before that section, for “not UK ordinarily resident” substitute “ who meet section 26A requirement ”.