Commentary on provisions of Act Section 15: Consequential amendments: income tax
This section makes amendments to statute in consequence of sections 13 and 14.
	Subsection (1) amends section 110(2) of the Scotland Act 1998 (which gives the Secretary of State the power, for social security purposes, to deem an individual a Scottish taxpayer) to reflect the ability for the Scottish Parliament to set the rates of Income Tax and the limits at which these are paid, for the non-savings and non-dividend income of Scottish taxpayers.
	Subsections (2) to (5) amend the Taxation of Chargeable Gains Tax 1992 (TCGA). Section 4 of TCGA sets out the rate of Capital Gains Tax (CGT) that an individual pays – this can be affected by the rate of income tax at which an individual is liable.
	Currently individuals who pay Income Tax at the higher rate also pay CGT at the higher rate of 28%. As announced at Budget 2016, the UK government will reduce this higher rate to 20% from 6 April this year. As CGT remains a reserved matter so to ensure that the tax applies equally to all UK individuals, subsections (2) to (5) therefore make amendments to sections 4 and 4A of TCGA to ensure that the rate of CGT that applies to Scottish income taxpayers is calculated by reference to UK income tax limits rather than the Scottish Income Tax limits. So after 6 April 2016, a CGT rate of 20% will apply to a Scottish Income Tax payer if their income exceeds the UK Income Tax higher rate threshold.
	Subsection (6) makes consequential amendments to the Finance Act 2014.
	Subsection (7) provides that the Treasury may by regulations set the tax years to which the amendments made by subsections (3) to (6) have effect.
	Subsections (8) to (14) provide the Treasury with the power, by regulations, to make consequential, transitional or saving provision in connection with sections 13 and 14.