Member

I turn first to the amendments relating to the new four-year foreign income and gains regime. The Government are making technical changes to the legislation that will ensure that any claims by individuals for relief on foreign income and gains are properly accounted for with regard to access to other forms of tax relief. Further amendments make changes to maintain the competitiveness of the new regime by ensuring equal treatment of gains in trusts that migrate to the UK, and those that do not, for the purposes of relief on those gains.