Paragraph 10 Value of amounts of qualifying overseas capital

In paragraph 8 (designation of qualifying overseas capital), after sub-paragraph (2) insert—

“(2A)

For the purposes of designating an amount of qualifying overseas capital of an individual that—

(a)

is qualifying overseas capital as a result of paragraph 2(2) or (5), or

(b)

is treated as qualifying overseas capital as a result of paragraph 6(1)(b),

the value of that amount is the value of the amount when it first arose to the individual.”