[528A Reduction in amount charged on basis of non-UK residence of deceased person]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[528A  Reduction in amount charged on basis of non-UK residence of deceased person]

[(1)     Subsection (3) applies if—

(a)     personal representatives are liable for tax charged on a gain from a policy of life insurance or a capital redemption policy under section 466, and

(b)     there were one or more days in the material interest period [that were foreign days].

(2)     Subsection (3) also applies if—

(a)     trustees are liable for tax charged on a gain from a policy of life insurance or a capital redemption policy under section 467 where—

(i)     of conditions A to D in that section, only condition B is met, and

(ii)     the absent settlor condition which is met is the one in subsection (4)(b) of that section (deceased settlor),

(b)     there were one or more days in the material interest period [that were foreign days, and]

[(c)     the deceased died—

(i)     in

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