Non-resident policies and off-shore capital redemption policies
17(1)Section 553 is amended as follows.
(2)In subsection (3) (reduction for non-residence of the amount that would otherwise be treated by virtue of section 541 as a gain arising) after “section 541” insert “or 546C(7)(b)”.
(3)In subsection (6) (which refers to gains under section 541 reduced in accordance with subsection (3) of the section) after “section 541” insert “or 546C(7)(b)”.
(4)In subsection (10) (interpretation) in the definition of “chargeable event” after “545” insert “or 546C(7)(a)”.