Section 87B | Section 87: remittance basis ^F1

(1)This section applies if—

(a)chargeable gains were treated under section 87 , 87K or 87L as accruing to an individual in the tax year 2024-25 or an earlier tax year, and^F2F3F4F5

(b)section 809B, 809D or 809E of ITA 2007 (remittance basis) applied to the individual for that year, ...^F6F7F8

(c)Repealed^F9

(2)The chargeable gains are treated as having accrued on the disposal of an asset situated outside the United Kingdom.^F10F11

(3)For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis) treat relevant property or benefits as deriving from the chargeable gains.

(4)For the purposes of subsection (3) property or a benefit is “relevant” if the capital payment , or onward payment (see section 87I(1)(c)), by reason of which the chargeable gains were treated as accruing consisted of—^F12F13

(a)the payment or transfer of the property or its becoming property to which section 60 applies, or

(b)the conferring of the benefit.

(5)The references in this section to sections 87I(1)(c), 87K and 87L (which were repealed by Part 3 of Schedule 12 to the Finance Act 2025) are to those provisions as they had effect for the tax year in which the chargeable gains were treated as accruing to the individual.^F14