Consequential amendments to other Acts
24(1)Section 119B (section 119A: unremitted foreign securities income) is amended as follows.
(2)In the heading, for “unremitted foreign securities income” substitute “unchargeable, and unremitted chargeable, foreign securities income”.
(3)In subsection (1), for the words from “unremitted” to the end substitute “—
(a)unchargeable foreign securities income, or
(b)unremitted chargeable foreign securities income.”
(4)After subsection (1) insert—
“(1A)In this section “unchargeable foreign securities income” means unchargeable foreign securities income for the purposes of section 41F of ITEPA 2003 (taxable specific income: internationally mobile employees etc) (see sections 41H to 41L of that Act).”
(5)In subsection (2)—
(a)after “unremitted” insert “chargeable”, and
(b)for paragraph (a) substitute—
“(a)is chargeable foreign securities income for the purposes of section 41F of ITEPA 2003, and”.
(6)In subsection (3), after “unremitted” insert “chargeable”.