SCHEDULE 1 Non-UK Resident Vulnerable Persons: Interpretation
Finance Act 2005 (2005 c 7) | Legislation

SCHEDULE 1 Non-UK Resident Vulnerable Persons: Interpretation

Sections 28 and 33

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Vulnerable person's deemed CGT taxable amount

3

(1)     The “vulnerable person's deemed CGT taxable amount†for the tax year means the sum of—

(a)     the vulnerable person's taxable amount for the tax year [(as defined by section 32(3A))] calculated by reference only to actual gains and actual losses, and

(b)     the vulnerable person's taxable amount for the tax year [(as defined by section 32(3A))] calculated by reference only to assumed gains and assumed losses.

(2)     But in calculating the taxable amount under sub-paragraph (1)(b)—

(a)

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