Section 59 | Remittance basis and split year treatment

(1)Section 12 of TCGA 1992 (non-UK domiciled individuals to whom remittance basis applies) is amended as follows.

(2)After subsection (1) insert—

(1A)But it does not apply to foreign chargeable gains accruing to an individual in the overseas part of a split year as respects that individual, regardless of the part of the year (the overseas part or the UK part) in which the foreign chargeable gains are remitted.

(3)The amendment made by this section has effect in relation to gains accruing on or after 6 April 2013.