# Finance Act 2006, Paragraph 36

Extent: E+W+S+N.I.

(1) In each of the provisions set out in sub-paragraph (2) for “at no time resident or ordinarily resident in the United Kingdom” substitute “ at no time resident and ordinarily resident in the United Kingdom ”.
(2) Those provisions are—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) paragraph 4(1) of Schedule 4C (chargeable amount: non-resident settlement).
(3) Sub-paragraph (2)(b) shall have effect in relation to a transfer of value made on or after 6th April 2007 (in relation to settlements whenever created).

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Source: https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/36 (the official version)
Page: https://openlegislation.uk/finance-act-2006/schedule-12/paragraph-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.