SCHEDULES

SCHEDULE 8Deemed domicile: income tax and capital gains tax

PART 1Application of deemed domicile rule

ITA 2007

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1

In section 476 (how to work out whether settlor meets condition C in section 475), after subsection (3) insert—

3A

Section 835BA (deemed domicile) applies for the purposes of subsections (2)(b) and (3)(b).

2

The amendment made by this paragraph has effect—

a

so far as relating to section 476(2)(b) of ITA 2007, in relation to a settlor who dies on or after 6 April 2017;

b

so far as relating to section 476(3)(b) of ITA 2007, in relation to a settlement made on or after 6 April 2017.