Paragraph 28
United Kingdom
(1)
TCGA 1992 is amended as follows.
(2)
In section 2B (territorial scope of charge to corporation tax on chargeable gains), in subsection (3)—
(a)
in paragraph (a) omit “that have a relevant connection to the company’s UK permanent establishment (see section 2C)”;
(b)
in paragraph (b), for “that permanent establishment” substitute “a UK permanent establishment (see section 2C)”;
(c)
in paragraph (c), for “to 32” substitute “and 24”.
(3)
In section 2C (non-UK resident company with UK permanent establishment) omit subsection (2).