[408A Temporary non-residents]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[Anti-avoidance]

[408A  Temporary non-residents]

[(1)     This section applies if an individual is temporarily non-resident.

(2)     Dividends within subsection (3) are to be treated for the purposes of this Chapter as if they were received by the individual, or as if the individual became entitled to them, in the period of return.

(3)     A dividend is within this subsection if—

(a)     the individual receives or becomes entitled to it in the temporary period of non-residence,

(b)     it is a dividend of a company that would be a close company if the company were UK resident,

(c)     the individual receives or becomes entitled to it by virtue of being at a relevant time—

(i)     a material participator in the company, or

(ii)     an associate of a material participator in the company, and

(d)     ignoring this section, the individual—

(i)

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