Part 1 Application of Deemed Domicile Rule
Finance (No 2) Act 2017 (2017 c 32) | Legislation

SCHEDULE 8 Deemed Domicile: Income Tax and Capital Gains Tax

Section 29

Part 1 Application of Deemed Domicile Rule

ICTA

1

(1)     In section 266A of ICTA (life assurance premiums paid by employer), after subsection (8) insert—

“(8A)     Section 835BA of ITA 2007 (deemed domicile) applies for the purposes of subsection (6)(b).â€

(2)     The amendment made by this paragraph has effect in relation to the tax year 2017–18 and subsequent tax years.

TCGA 1992

2

TCGA 1992 is amended as follows.

3

(1)     Section 16ZA (losses: non-UK domiciled individuals) is amended as follows.

(2)     For subsections (1) to (3) substitute—

“(1)     An individual may make an election under this section in respect of—

(a)     the first tax year in which section 809B of ITA 2007 (claim for remittance basis) applies to the individual, or

(b)     the first tax year in which that section applies to the individual following a period in which the individual has been domiciled in the United Kingdom.

(2)     Where an individual makes an election under this section in respect of a tax year, the election has effect in relation to the individual for—

(a)     that tax year, and

(b)

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