# Finance Act 2019, Paragraph 70


(1) Section 199 (exploration or exploitation assets: deemed disposals) is amended as follows.
(2) In subsection (2), for “in respect of whom the residence condition (see section 2(1A)) is not met” substitute “ who is not UK resident for a tax year (as determined for the purposes of Chapter 1 of Part 1) ”.
(3) In subsection (6), for paragraphs (a) and (b) substitute “ would be chargeable to capital gains tax or corporation tax as a result of section 1A(3)(a) or 2B(3) ”.

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/70 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-1/paragraph-70
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.