{
  "url": "https://openlegislation.uk/finance-act-2013/schedule-45/paragraph-88",
  "json_url": "https://openlegislation.uk/finance-act-2013/schedule-45/paragraph-88.json",
  "legislation": "ukpga/2013/29",
  "legislation_title": "Finance Act 2013",
  "legislation_url": "https://openlegislation.uk/finance-act-2013",
  "path": "schedule/45/paragraph/88",
  "kind": "paragraph",
  "number": "88",
  "heading": null,
  "text": "(1) Section 536 (top slicing relieved liability: one chargeable event) is amended as follows.\n(2) The amendment made by sub-paragraph (3) applies to section 536 as amended by paragraph 5 of Schedule 8 to this Act, and has effect in accordance with paragraph 7 of that Schedule.\n(3) For subsection (7) substitute—\n“(7) If in the case of the individual the gain is reduced under section 528—\n(a) divide the number of foreign days in the material interest period (as determined in accordance with that section, including subsections (7) and (8)) by 365,\n(b) if the result is not a whole number, round it down to the nearest whole number, and\n(c) reduce N, for steps 1 and 3 in subsection (1), by the number found by applying paragraphs (a) and (b).”\n(4) The amendment made by sub-paragraph (5) applies to section 536 as in force immediately before it is amended by paragraph 5 of Schedule 8 to this Act, so far as that section as so in force continues to have effect after it is so amended.\n(5) For subsection (7) substitute—\n“(7) If the gain is from such a policy—\n(a) divide the number of foreign days in the policy period (as defined in section 528) by 365,\n(b) if the result is not a whole number, round it down to the nearest whole number, and\n(c) reduce N, for steps 1 and 3 in subsection (1), by the number found by applying paragraphs (a) and (b).”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/88",
    "retrieved_at": "2026-10-29T09:08:06.076240+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}