SCHEDULE 1Chargeable gains accruing to non-residents etc

PART 2Consequential amendments

CTA 2010

116In section 547 (funds awaiting reinvestment), at the end insert—

(6)This section also applies to proceeds held in cash by a company on a disposal of an asset so far as section 535A secures that the appropriate proportion of a gain or loss accruing on the disposal is not a chargeable gain or allowable loss.