TCGA 1992
4(1)In section 16ZB (election under section 16ZA: foreign chargeable gains remitted in the tax year after that in which they accrue), in subsection (1), for paragraphs (a) and (b) substitute—
“(a)the individual has made an election under section 16ZA in respect of a tax year before the applicable year,
(aa)the election has effect in relation to the individual for the applicable year,
(b)foreign chargeable gains accrued to the individual in or after the tax year in respect of which the election was made but before the applicable year, and”.
(2)The amendment made by this paragraph has effect in relation to the tax year 2017-18 and subsequent tax years.