# Finance Act 2013, Paragraph 52


(1) Section 715 (interest from FOTRA securities held on trust) is amended as follows.
(2) In subsection (1)(b), for “person not ordinarily UK resident” substitute “ non-UK resident person ”.
(3) In subsection (2)—
(a) for “person not ordinarily UK resident” substitute “ non-UK resident person ”, and
(b) for “is ordinarily UK resident at the time when” substitute “ is UK resident for the tax year in which ”.
(4) In relation to a FOTRA security issued before 6 April 2013, the amendments made by this paragraph apply only if the security was acquired by the trust on or after that date.

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/52 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-46/paragraph-52
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.