61(1)Section 721 (individuals with power to enjoy income as a result of relevant transactions) is amended as follows.U.K.
(2)In subsection (1), for “conditions A and B” substitute “ conditions A to C ”.
(3)After subsection (3) insert—
“(3A)Condition C is that the individual is UK resident for the tax year.”
(4)In subsection (5), for paragraph (b) substitute—
“(b)whether the individual is UK resident for the tax year in which the relevant transfer is made (if different from the tax year mentioned in subsection (1)), or”.