Related Commentary  Related CasesRelated HMRC Manuals

809VG(1)  Subsection (2) applies if–

(a)income or chargeable gains are treated under section 809VA(2) as not remitted to the United Kingdom as a result of a qualifying investment,

(b)a potentially chargeable event occurs after the investment is made, and

(c)the appropriate mitigation steps are not taken within the grace period allowed for each step.

809VG(2)  The affected income or gains are to be treated as having been remitted to the United Kingdom immediately after the end of the relevant grace period.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

No subscription?

Contact us to discuss your requirements.