SCHEDULES

SCHEDULE 6UK Representatives of non-UK residents

Part 2New Part 7A of TCGA 1992

24After section 271 of TCGA 1992 insert—

“Part 7AUK representatives of non-UK residents

CHAPTER 1Treatment of branch or agency as UK representative of non-UK resident

Introduction

271AOverview of Chapter

(1)This Chapter provides for a branch or agency to be treated as the UK representative of a non-UK resident in respect of certain amounts chargeable to capital gains tax.

(2)For obligations and liabilities in relation to capital gains tax imposed on a branch or agency which under this Chapter is treated as the UK representative of a non-UK resident, see Chapter 2.”