SCHEDULES

SCHEDULE 16Non-residents: investment managers

Part 3Non-residents liable to tax: disregarded investment income or profits

ITA 2007

10(1)Section 818 of ITA 2007 (the independent investment manager conditions) is amended as follows.

(2)In subsection (1), for the words from “if” to the end substitute “if conditions A to E are met.”

(3)Omit subsections (7) and (8).