29(1)Section 62 (death: general provisions) is amended as follows.
(2)In subsection (2A)—
(a)in paragraph (a), for “section 10A” substitute “section 1M”, and
(b)for paragraph (b) substitute—
“(b)relevant non-resident gains (see subsection (11)).”
(3)In subsection (2AA), for “allowable NRCGT losses (see section 57B and Schedule 4ZZB)” substitute “relevant non-resident losses (see subsection (11))”.
(4)After subsection (10) insert—
“(11)In this section—
“relevant non-resident gain” means—
a gain that falls to be dealt with by section 1A(3) because the asset disposed of is within paragraph (b) or (c) of that subsection, or
a gain that falls to be dealt with by section 1A(1) in accordance with section 1G(2) because the asset disposed of is within section 1A(3)(b) or (c), and
“relevant non-resident loss” means an allowable loss accruing on a disposal which, had a gain accrued instead, would have been a relevant non-resident gain.”
(5)The reference to relevant non-resident gains in section 62(2A)(b) of TCGA 1992 (as substituted by sub-paragraph (2)(b)) includes NRCGT gains as defined by section 57B of, and Schedule 4ZZB to, that Act.
(6)The reference here to section 57B of, and Schedule 4ZZB to, TCGA 1992 is to those provisions as they had effect before their repeal by this Schedule.