SCHEDULES

SCHEDULE 9Private residence relief

6

1

Section 225 (private residence occupied under terms of settlement) is amended as follows.

2

The existing text becomes subsection (1).

3

In that subsection—

a

in the words before paragraph (a), after “person” insert “(“B”)”;

b

in paragraph (a), for “the occupation of the dwelling-house or part of the dwelling-house, and” substitute “the matters dealt with in subsection (2),”;

c

in paragraph (b), for “the person entitled to occupy the dwelling-house or part of the dwelling-house;” substitute “B, and”;

d

after paragraph (b) insert—

c

the notice which may be given by the trustees under section 222A is effective only if it is accompanied by written notification from B agreeing to the terms of the notice;

4

After that subsection insert—

2

In sections 222 to 224, as applied by subsection (1), references to the individual, in relation to—

a

the occupation of the dwelling-house or part of the dwelling-house,

b

residence in a territory, or

c

meeting the day count test,

are to be taken as references to B.