TERMINATION TERMINATION

(1)

This Convention shall remain in force until terminated by one of the Contracting States. Either Contracting State may, on or before 30th June in any calendar year beginning after the year in which this Convention enters into force, terminate this Convention by giving to the other Contracting State notice of termination in writing through diplomatic channels.

(2)

The provisions of this Convention shall cease to have effect:

(a)

in Chile,

in respect of taxes on income obtained and amounts paid, credited to an account, made available or accounted as an expense, on or after 1st January in the calendar year next following that in which the notice is given; and

(b)

in the United Kingdom,

(i)

in respect of income tax and capital gains tax, for any year of assessment beginning on or after 6th April in the calendar year next following that in which the notice is given;

(ii)

in respect of corporation tax, for any financial year beginning on or after 1st April in the calendar year next following that in which the notice is given.