SCHEDULES

SCHEDULE 46U.K.Ordinary residence

PART 2U.K.Income tax: arising basis of taxation

ITTOIA 2005U.K.

48(1)In section 636 (calculation of undistributed income), in subsection (2)(b), for “, resident and ordinarily resident” substitute “ and resident ”.U.K.

(2)The amendment made by this paragraph does not apply in calculating income arising under a settlement in tax years ending before 6 April 2013.