SCHEDULES

SCHEDULE 46Ordinary residence

PART 3Capital gains tax: accruals basis of taxation

TCGA 1992

101

1

Section 168 (emigration of donee) is amended as follows.

2

In subsection (1)(b), for “becomes neither resident nor ordinarily resident” substitute “ ceases to be resident ”.

3

In subsection (4), for “becoming neither resident nor ordinarily resident” substitute “ ceasing to be resident ”.

4

In subsection (5)—

a

in paragraph (a), for “becoming neither resident nor ordinarily resident” substitute “ ceasing to be resident ”, and

b

in paragraph (b), omit “or ordinarily resident”.