SCHEDULES
SCHEDULE 46Ordinary residence
PART 1Income tax and capital gains tax: remittance basis of taxation
Treatment of relevant foreign earnings
11
1
Section 41C (foreign securities income) is amended as follows.
2
In subsection (4), for paragraph (b) substitute—
b
the individual does not meet the requirement of section 26A for the year (reading references there to the employee as references to the individual),
3
In subsection (6), for paragraph (b) substitute—
b
the individual meets the requirement of section 26A for the year (reading references there to the employee as references to the individual), and