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Amendment of tax treatment of income from certain possessions in Great Britain or Northern Ireland.
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18.— (1) The Principal Act is amended—
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(a) in section 73 by inserting the following after subsection (3):
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“(4) This section ceases to have effect in respect of income arising on or after 1 January 2008.”,
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and
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(b) in section 823 by substituting the following for subsection (2)(b):
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“(b) This section does not apply in any case where the income from an office or employment—
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(i) is chargeable to tax in accordance with section 71(3), or
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(ii) is income to which section 822 applies.”.
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(2) Subsection (1) has effect as on and from 1 January 2008.
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