4(1)Section 41C (taxable specific income from employment-related securities etc: foreign securities income) is amended as follows.
(2)After subsection (4) insert—
“(4A)But subsection (4) does not apply to a tax year if section 24A applies in relation to the employment for the tax year.”
(3)After subsection (8) insert—
“(9)If subsection (4) does not apply to a tax year by virtue of subsection (4A), it is to be assumed for the purposes of section 41E that it is just and reasonable for none of the securities income treated as accruing in the tax year to be “foreign”.”