PART 1Income tax, corporation tax and capital gains tax

CHAPTER 4Other provisions

Capital gains

59Remittance basis and split year treatment

1

Section 12 of TCGA 1992 (non-UK domiciled individuals to whom remittance basis applies) is amended as follows.

2

After subsection (1) insert—

1A

But it does not apply to foreign chargeable gains accruing to an individual in the overseas part of a split year as respects that individual, regardless of the part of the year (the overseas part or the UK part) in which the foreign chargeable gains are remitted.

3

The amendment made by this section has effect in relation to gains accruing on or after 6 April 2013.