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Amendment of section 531AA of Principal Act (interpretation: Part 18C)
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79. (1) Section 531AA of the Principal Act is amended—
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(a) in subsection (1)—
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(i) by deleting the definition of “final decision”, and
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(ii) by deleting “and in respect of which a final decision has been made” after “Tax Acts” in the definition of “liability to income tax”,
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and
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(b) by inserting the following subsection after subsection (1):
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“(1A) For the purposes of the definition of ‘world-wide income’ in subsection (1), an individual’s income means the income of an individual before deducting capital allowances and losses.”.
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(2) Subsection (1) applies to domicile levy chargeable for the year 2018 and subsequent years.
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