Finance Act 1968

• (6) References in this paragraph to the disposal of shares or securities include references to the occasion of the making of a claim under section 23(4) of the Finance Act 1965 that the value of shares or securities has become negligible, and references to a person making a disposal shall be construed accordingly.

Disposal or acquisition outside a group of companies

21

• (1) In paragraph 4 of Schedule 13 to the Finance Act 1965 (capital allowances) for the words

Where a member of a group of companies disposes of an asset

there shall be substituted the words

Where a company which is or has been a member of a group of companies disposes of an asset

.

• (2) In paragraph 5 of the said Schedule 13 (transitional provisions as to assets held on 6th April 1965) for the words

in relation to a disposal of an asset by a member of a group of companies

there shall be substituted the words

in relation to a disposal of an asset by a company which is or has been a member of a group of companies

.

• (3) References in the said paragraphs 4 and 5 to the acquisition of an asset by one member of a group from another shall, notwithstanding sub-paragraphs (1) and (2) above, continue to be read as references to acquisition at a time when both are members of the group.

• (4) This paragraph applies as respects any disposal after 10th April 1968.

Non-resident group of companies

22

• (1) This paragraph has effect for the purposes of section 41 of the Finance Act 1965 (residents interested in non-resident company).

• (2) Part I of Schedule 13 to the Finance Act 1965 (group of companies resident in the United Kingdom), without paragraph 1 (definition of company and group) and without paragraph 7 (recovery of tax), shall apply in relation to non-resident companies which are members of a non-resident group of companies, as it applies in relation to companies resident in the United Kingdom which are members of a group of companies.

• (3) Paragraphs 18 and 19 above shall apply for the said purposes as if for any reference in those paragraphs to a group of companies there were substituted a reference to a non-resident group of companies, and as if references to companies were references to companies not resident in the United Kingdom.

• (4) This paragraph has effect as respects any disposal after 10th April 1968.

Supplemental

23

• (1) For the purposes of this Part of this Schedule—

• (a) a " non-resident group " of companies—

• (i) in the case of a group, none of the members of which are resident in the United Kingdom, means that group, and

• (ii) in the case of a group, two or more members of which are not resident in the United Kingdom, means the members which are not resident in the United Kingdom;

• (b) " group " and " subsidiary " shall be construed in accordance with sub-paragraphs (b) and (c) of paragraph 1 of Schedule 13 to the Finance Act 1965, with any necessary modifications where applied to a company incorporated under the law of a country outside the United Kingdom,

• (c) except in the definition of " non-resident group " above, or as otherwise expressly provided, " company" shall be construed in accordance with sub-paragraph (a) of the said paragraph 1 (which relates to companies resident in the United Kingdom).

• (2) For the purposes of this Part of this Schedule a group remains the same group so long as the same company remains the principal company of the group, and if at any time the principal company of a group becomes a subsidiary of another company the group of which it was the principal company before that time shall be regarded as the same as the group of which that other company, or one of which it is a subsidiary, is the principal company, and the question whether or not a company has ceased to be a member of a group shall be determined accordingly.

• (3) For the said purposes the passing of a resolution or the making of an order, or any other act, for the winding-up of a company shall not be regarded as the occasion of that company, or of any subsidiary of that company, ceasing to be a member of a group of companies.

• (4) Without prejudice to the provisions of paragraph 2(1) of Schedule 13 to the Finance Act 1965, where any provision in this Part of this Schedule makes the assumption that a member of a group has sold or acquired an asset, it shall be assumed also that it was not a sale to or acquisition from another member of the group.

• (5) Any provision in this Part of this Schedule making the assumption that an asset is sold and reacquired at market value shall have effect subject to the provisions of section 33 of the Finance Act 1967 (current use value of land in Great Britain).

• (6) This Part of this Schedule has effect as respects tax for any accounting period ending after 10th April 1968, and so far as it relates to liability to tax arising on a disposal deemed to have been made on or before 10th April 1968, shall have effect for tax for earlier accounting periods.

Schedule 13.

Exemption for tangible movables which are wasting assets

1

• (1) Chargeable assets for the purposes of Case VII of Schedule D shall not include an asset which is tangible movable property and which is a wasting asset, and shall not include an interest in tangible movable property which is a wasting asset.

• (2) Sub-paragraph (1) above shall not apply to a disposal of commodities of any description by a person dealing on a terminal market or dealing with or through a person ordinarily engaged in dealing on a terminal market.

• (3) In this paragraph " wasting asset" has the meaning given by paragraph 9 of Schedule 6 to the Finance Act 1965.

• (4) This paragraph has effect as respects a disposal after 19th March 1968.

Company amalgamations and reconstructions

2

Paragraph 13(1) of Schedule 9 to the Finance Act 1962 (issue of shares or debentures in one company to holders of shares or debentures in another company to be treated as an exchange in certain circumstances) shall apply after 10th April 1968, in relation to a company which has no share capital, as if references to shares in or debentures of a company included references to any interests in the company possessed by members of the company, and paragraphs 10 and 12 of that Schedule shall apply accordingly.

Husband and wife dealing in shares, etc.

3

• (1) Where, in the case of a man and his wife living with him, one of them—

• (a) disposes of shares to his wife or her husband after 10th April 1968, and

• (b) disposes of other shares, of the same kind as those disposed of to the wife or husband, to another person (in this paragraph called " a third party "),

the provisions of this paragraph shall have effect as respects any shares acquired by the person making those disposals which, but for the provisions of paragraph 8 of Schedule 9 to the Finance Act 1962 (identification of shares), could have been comprised in either of those disposals.

• (2) If, but for the provisions of this sub-paragraph, shares disposed of to a third party—

• (a) would not be taxable shares, and

• (b) but for the disposal to the wife or husband would be taxable shares,

the identification shall be reversed so that the shares disposed of to the third party (or, if the quantity disposed of to the third party was greater than the quantity disposed of to the wife or husband, a part of them equal to the quantity disposed of to the wife or husband) shall be taxable shares.

• (3) If there is more than one disposal to the wife or husband, or more than one disposal to a third party, the provisions of this paragraph shall be applied to shares disposed of on an earlier date before being applied to shares disposed of on a later date, and the re-identification of the shares first disposed of shall accordingly determine the way in which this paragraph applies to the shares comprised in the later disposal.

• (4) In this paragraph " taxable shares " are shares the disposal of which, together with their acquisition, constitutes an acquisition and disposal within the meaning of Chapter II of Part II of the Finance Act 1962.

• (5) This paragraph shall apply in relation to a disposal of any assets as it applies in relation to a disposal of shares, where the assets are of a nature to be dealt in without identifying the particular assets disposed of or acquired.

Husband and wife dealing in shares etc.: sale at a loss and reacquisition

4

• (1) Where, in the case of a man and his wife living with him, a loss accrues to one of them from his or her acquisition and disposal of any shares, and the other of them is to be treated in accordance with this paragraph as acquiring the same shares within the prescribed period after the disposal, that loss shall be allowable under Case VII by deduction from any gain accruing to the other (that is to say the wife or husband of the person to whom the loss accrued) from an acquisition and disposal of the shares beginning with that acquisition by the other, but shall not be so allowable by deduction from any other gain accruing to either of them.

• (2) Shares disposed of by the husband or wife shall not for the purposes of this paragraph be treated as the same as shares acquired by the other if for the purposes of paragraph 9 of Schedule 9 to the Finance Act 1962—

• (a) the person disposing of the shares is to be treated as having reacquired the same shares, or

• (b) the person acquiring the shares is to be treated as thereby reacquiring shares disposed of,

or if the person acquiring the shares acquires them from her husband or his wife.

• (3) Subject to sub-paragraph (2) above, where the husband or wife disposes of shares and the other afterwards acquires the like shares within the prescribed period from the disposal, the other is to be treated for the purposes of this paragraph as acquiring the same shares as those disposed of (or, if the quantity disposed of was greater than the quantity acquired, a part equal to the quantity acquired) and, so far as necessary, the rules in paragraphs (a) to (d) of paragraph 9(2) of Schedule 9 to the Finance Act 1962 (successive disposals and successive acquisitions) shall apply for the purpose of determining which are the same shares, as if the husband and wife were one person, and disregarding all shares excluded by sub-paragraph (2) above.

• (4) For the purposes of this paragraph shares acquired by the wife or husband for transfer or delivery after the date of transfer or delivery of the shares sold by the other shall be deemed to have been acquired after the disposal of the shares sold.

• (5) Where the husband or wife acquires shares and, under paragraph 8 of Schedule 9 to the Finance Act 1962, shares previously disposed of by him or her are identified with those shares, then—

• (a) this paragraph shall not apply in relation to any loss accruing from that acquisition and disposal, and

• (b) that acquisition shall not be treated for the purposes of this paragraph as an acquisition of the same shares as any shares disposed of by the other,

and sub-paragraphs (4) to (6) of paragraph 9 of the said Schedule 9 shall apply as if references in those sub-paragraphs to sub-paragraph (3) of that paragraph included references to this sub-paragraph.

• (6) In this paragraph " the prescribed period " means—

• (a) in the case of an acquisition of shares through a stock exchange, one month, and

• (b) in the case of an acquisition of shares otherwise than through a stock exchange, or in the case of an acquisition of some other kind of asset, six months.

• (7) This paragraph shall apply in relation to acquisitions or disposals of any assets as it applies in relation to acquisitions or disposal of shares, where the assets are of a nature to be dealt in without identifying the particular assets disposed of or acquired.

Construction and commencement

5

• (1) Except as otherwise provided, this Schedule has effect as respects any disposals of assets after 10th April 1968.

• (2) This Schedule shall be construed as one with Chapter II of Part II of the Finance Act 1962,

Schedule 14.

Substitution of seven years for five years

1

List of enactments amended

• Customs and Inland Revenue Act 1881 Section 38(2)(a) except as respects gifts for public or charitable purposes.

• Finance Act 1894 Section 2(3) except as respects gifts for public or charitable purposes.

• Finance Act 1939 Section 31(2).

• Finance Act 1940 Section 43(2). Section 46(1). Section 47(1) (in two places). Section 48(3) (in two places). Section 51(1A). Section 55(1)(a). Section 58(1)(a). In Schedule 7, paragraphs 1(4), 2(1)(3)(5) and 2(6)(c).

• Finance Act 1950 Section 45(2)(a)(b).

• Finance Act 1954 Section 29(1)(2)(4).

• Finance Act 1958 Section 28(1)(8)(10).

Consequential amendments

2

• (1) In section 38(2)(a) of the Customs and Inland Revenue Act 1881 (as applied by section 2(1)(c) of the Finance Act 1894) for " three months " (as originally enacted) substitute " seven years, or in the case of a gift made for public or charitable purposes twelve months ".

• (2) In section 2(3) of the Finance Act 1894 for " twelve months " substitute " seven years, or in the case of a gift made for public or charitable purposes twelve months ".

• (3) In section 59(3) of the Finance (1909-10) Act 1910 the reference to the period provided by that section shall be taken as a reference to seven years, or in the case of a gift made for public or charitable purposes twelve months.

Benefits from companies

3

• (1) In section 46(2) of the Finance Act 1940 for " last five accounting years" substitute " last seven accounting years " , and, where the company came into existence in any of the last seven accounting years mentioned in the said section 46(2) as so amended, the reference to the last seven accounting years shall be construed as a reference to the accounting year in which the company came into existence and all later accounting years.

• (2) In the case of a death on or before 19th March 1970 the exception in subsection (1) of the principal section shall not apply to any of the amendments made by that subsection in section 46 or section 47 of, or Schedule 7 to, the Finance Act 1940 if any benefits accrued to the deceased from the company after 19th March 1963.

• (3) The provisions of the said Act as to what are to be treated as benefits accruing to the deceased from the company, and as to when a benefit is treated as having accrued therefrom, shall, as amended by this Act, apply for the purposes of sub-paragraph (2) above as they apply for the purposes of the said section 46, but as if the references in section 47 of that Act, and paragraph 2 of Schedule 7 to that Act, to the seven years ending with the death of the deceased were treated as references to the said seven years less so much thereof as fell before 20th March 1963.

Surrender of title to benefits from a company : graduation of charge

4

• (1) In section 65(1) of the Finance Act 1960 for " two years " substitute " four years " , and—

• (a) in paragraph (a) of the said subsection (1) for " three years " substitute " five years " , and

• (b) in paragraph (b) of that subsection for " four years" substitute " six years ".

• (2) Sub-paragraph (1) above shall not have effect so as to give a lesser percentage reduction than the percentage reduction (if any) which, assuming that the deceased had died on 19th March 1968, would have fallen to be made under the said subsection (1) without the amendments made by this paragraph.

Schedule 15.

Income out of capital, et ceteralaetc.

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Recovery of charge from trustees

2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Income derived from another trust

6

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notice to persons answerable for a trust

7

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application of trust property in payment of charge

8

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Foreign trusts

9

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Limitation of liability of trustees

10

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation

11

• (1) The following provisions have effect for the interpretation of this Schedule in a case where the special charge falls to be made in respect of an individual's aggregate investment income and that income includes any amount arising under a trust.

• (2) For the purposes of this Schedule the amount of the special charge attributable to the trust shall be the fraction of the special charge of which—

• (a) the numerator is the individual's investment income arising under the trust, and

• (b) the denominator is the individual's aggregate investment income, ascertained before making any deduction under section 42(7) of this Act.

• (3) Where credit for foreign tax falls to be allowed against the special charge, the amount of the special charge attributable to the trust shall be ascertained—

• (a) by applying the fraction in sub-paragraph (2) above to the special charge without allowing the credit against the amount of the special charge, and

• (b) by deducting from the resulting amount so much of the credit, if any, as is allowable in respect of income arising from the trust.

• (4) For the said purposes " the person originally chargeable" means die individual or other person liable to pay the special charge apart from the provisions of this Schedule.

12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Schedule 16.

Special Apportionments

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Recovery of special charge from company

4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Schedule 17.

The areas referred to in section 52(1) of this Act are—

SCHEDULE 18

1

Premium Savings Bonds are a Government Security and are eligible for inclusion in draws for cash prizes. These prizes are free from United Kingdom Income Tax, Surtax and Capital Gains Tax.

2

Premium Saving Bonds, (Series B) (hereinafter called Bonds) will be issued in units of £1 by the Treasury and will be subject to regulations made from time to time by the Treasury under section 12 of the National Debt Act 1958, or having effect by virtue of that Act. The principal of the Bonds and the prizes allotted will be a charge on the National Loans Fund with recourse to the Consolidated Fund.

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

Bonds are not transferable either during the lifetime or on the death of the registered holder. No responsibility can be accepted in respect of their use as security for a loan.

5

There will be a monthly prize fund which will be determined by calculating one month’s interest on each bond eligible for the draws in that month. The rate of interest will be 45/8% per annum or such other rate as may be prescribed under the provisions of paragraph 15 below.

6

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7

... After a Bond has qualified for its first draw it will be included in each succeeding draw, unless it has been repaid before the first day of the month in which the draw is held or (subject to the provisions of paragraph 15 below) the registered holder has died before the first day of a period of twelve consecutive calendar months preceding the month in which the draw is held.

8

Each £1 unit Bond will have one chance in each draw for which it is eligible. Each £1 unit Bond may win not more than one prize in each draw for which it is eligible and in draws producing more that one prize will be allotted the highest prize for which it is drawn.

9

Notwithstanding the provisions of paragraph 7 above any Bond purchased in contravention of any regulation limiting the number of unit Bonds which may held by any person shall not be eligible for inclusion in any draw until the holding has been reduced to not more than the maximum number permitted by such regulation.

10

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11

The serial numbers of Bonds which are allotted prizes will be published ... ...

12

All matters relating to the method and conduct of the draw and allotment of prizes shall be at the sole discretion of the Postmaster General, whose decision as to which Bonds have drawn prizes shall be final.

13

The purchase price of a Bond is repayable in full on application to the Bonds and Stock Office.

14

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15

The Treasury reserve the right ...:—

• (a) to vary the rate of interest specified in paragraph 5 above for determining the amount of the prize fund;

• (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• (c) to vary the provisions of paragraph 7 above insofar as they relate to the eligibility of a Bond for inclusion in a draw after the death of the registered holder;

• (d) to declare any Bonds purchased on or before a date specified ... to be ineligible for further draws.

16

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Schedule 19

The Commissioners of Her Majesty's Treasury and the Ministry of Finance for Northern Ireland, with a view to assimilating the burdens on the Exchequer of the United Kingdom and the Exchequer of Northern Ireland in respect of social and allied services, have entered into the following Agreement which amends as from 28th November 1966 the Agreement of 11th February 1949, relating to social and allied services, set out in the Schedule to the Social Services (Northern Ireland Agreement) Act 1949.

schedule 20

PART I — CUSTOMS AND EXCISE REPEALS

PART II — DOUBLE TAXATION RELIEF REPEALS

PART III — CAPITAL GAINS REPEALS

PART IV — ESTATE DUTY REPEALS

PART V — EXCHANGE CONTROL REPEALS

PART VI — MISCELLANEOUS REPEALS

The special charge.

8

11

24

35

38

ll

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Editorial notes

[^c745822]: Act partly in force at Royal Assent, partly retrospective, see individual sections; all provisions so far as unrepealed wholly in force at 1.2.1991. Some provisions came in to force at specific times of the day.

[^c745823]: For the extent of this Act as regards Northern Ireland, see s. 61(9)

[^c745824]: S. 1(1)(2)(4) repealed by Finance Act 1969 (c. 32), s. 61(6), Sch. 21 Pt. I

[^c745825]: S. 1(3) repealed by Alcoholic Liquor Duties Act 1979 (c. 4), s. 92(2), Sch. 4 Pt. I

[^c745827]: S. 2 repealed by Hydrocarbon Oil (Customs & Excise) Act 1971 (c. 12), s. 24(2), Sch. 7

[^c745828]: S. 3 repealed by Finance Act 1973 (c. 51), s. 59(7), Sch. 22 Pt. I

[^c745829]: S. 4(1) repealed by Finance Act 1970 (c. 24), s. 36(8), Sch. 8 Pt. II

[^c745830]: S. 4(2)(4) repealed by Betting and Gaming Duties Act 1972 (c. 25), s. 29(2), Sch. 7

[^c745831]: S. 4(3) repealed by Finance Act 1969 (c. 32), s. 61(6), Sch. 21 Pt. I

[^c745833]: S. 5 repealed by Finance Act 1972 (c. 41), ss. 54(8), 134(7), Sch. 28 Pt. II

[^c745834]: S. 6 repealed by Customs and Excise Management Act 1979 (c. 2), s. 177(3), Sch. 6 Pt. I

[^c745835]: S. 7 repealed by Customs and Excise Duties (General Reliefs) Act 1979 (c. 3), s. 19(2), Sch. 3 Pt. I

[^c745836]: Ss. 8, 9 repealed by Vehicles (Excise) Act 1971 (c. 10), s. 39(5), Sch. 8 Pt. I

[^c745837]: S. 10(1) repealed by Finance Act 1969 (c. 32), s. 61(6), Sch. 21 Pt. I

[^c745838]: S. 10(2) repealed by Excise Duties (Surcharges or Rebates) Act 1979 (c. 8), s. 4(3), Sch. 2

[^c745839]: Ss. 11–22 repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1), Sch. 16

[^c745840]: S. 23(1)(2)(4)(5) repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1), Sch. 16

[^c745841]: S. 23(3) repealed by Finance Act 1974 (c. 30), s. 57, Sch. 14 Pt. VII

[^c745843]: Ss. 24–30 repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1), Sch. 16

[^c745844]: S. 31 repealed by Finance Act 1971 (c. 68), ss. 57(5), 69(7), Sch. 14 Pt. VII

[^c745845]: S. 32 repealed (with savings) by Capital Gains Tax Act 1979 (c. 14), ss. 157(1), 158, Sch. 6 para. 10(2)(b), Sch. 8

[^c745846]: S. 33 repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1), Sch. 16

[^c745847]: S. 34 repealed (with savings) by Capital Gains Tax Act 1979 (c. 14), ss. 157(1), 158, Sch. 6 para. 10(2)(b), Sch. 8

[^c745848]: S. 35–37 repealed (with savings) by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I

[^c745849]: Ss. 38, 39 repealed by Finance Act 1969 (c. 32), s. 61(6), Sch. 21 Pt. V

[^c745856]: S. 40 repealed (19.11.1998) by 1998 c. 43, s. 1(1), Sch. 1 Pt. IV Group 2

[^c745891]: S. 51(1)(3) repealed by Finance Act 1969 (c. 32), s. 61(6), Sch. 21 Pt. VII

[^c745892]: S. 51 (so far as unrepealed) repealed by Finance Act 1972 (c. 41), ss. 122(5), 134(7), Sch. 28 Pt. VIII

[^c745895]: S. 52 repealed by Finance Act 1972 (c. 41), ss. 122(5), 134(7), Sch. 28 Pt. IX

[^c745896]: The text of ss, 40–50, 53, 60, 61(2)(7) and Schs. 15 and 16 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as otherwise indicated, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

[^c745897]: Words repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1), Sch. 16

[^c745899]: 1939 c. 119.

[^c745900]: 1968 c. 13.

[^c745913]: S. 55 repealed (14.12.2001) by 2001 c. 24, ss. 16(1)(b)(2), 125, 127(2), Sch. 8 Pt. II (with s. 14(3))

[^c745914]: S. 56 repealed by Finance Act 1973 (c. 51), s. 59(7), Sch. 22 Pt. V

[^c745915]: S. 57 repealed by Finance Act 1970 (c. 24), s. 36(8), Sch. 8 Pt. V

[^c745916]: S. 58 repealed by European Communities Act 1972 (c. 68), s. 4, Sch. 3 Pt. II

[^c745917]: S. 59 repealed by Finance Act 1971 (c. 68), s. 69(7), Sch. 14 Pt. VII

[^c745918]: The text of ss, 40–50, 53, 60, 61(2)(7) and Schs. 15 and 16 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as otherwise indicated, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

[^c745919]: 1968 c.2.

[^c745920]: The text of ss, 40–50, 53, 60, 61(2)(7) and Schs. 15 and 16 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as otherwise indicated, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

[^c745921]: S. 61(3) repealed by Customs and Excise Management Act 1979 (c. 2), s. 177(3), Sch. 6 Pt. I

[^c745922]: S. 61(4) repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1), Sch. 16

[^c745923]: S. 61(5) repealed (with savings) by Capital Gains Tax Act 1979 (c. 14), ss. 157(1), 158, Sch. 6 para. 10(2)(b), Sch. 8

[^c745924]: S. 61(6) repealed (with savings) by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I

[^c745927]: Schs. 1–4 repealed by Finance Act 1969 (c. 32), s. 61(6), Sch. 21 Pt. I

[^c745928]: Sch. 5 repealed by Betting and Gaming Duties Act 1972 (c. 25), s. 29(2), Sch. 7

[^c745929]: Sch. 6 repealed by Finance Act 1972 (c. 41), ss. 54(8), 134(7), Sch. 28 Pt. II

[^c745930]: Sch. 7 repealed by Vehicles (Excise) Act 1971 (c. 10), s. 39(5), Sch. 8 Pt. I

[^c745931]: Schs. 8–10 repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 583(1), 539(1), Sch. 16

[^c745932]: Schs. 11, 12 repealed (with savings) by Capital Gains Tax Act 1979 (c. 14), ss. 157(1), 158, Sch. 6 para. s. 10(2)(b), Sch. 8

[^c745933]: Sch. 13 repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1), Sch. 16

[^c745934]: Sch. 14 repealed (with savings) by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I

[^c745947]: Sch. 17 repealed by Finance Act 1972 (c. 41), ss. 122(5), 134(7), Sch. 28 Pt. IX

[^c745948]: 1958 c. 6. (7 & 8 Eliz. 2).

[^c745949]: Sch. 19 repealed by Finance Act 1971 (c. 68), s. 69(7), Sch. 14 Pt. VII

[^c745950]: The text of Schedule 20 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, does not reflect any amendments or repeals which may have been prior to 1.2.1991.

[^key-b0ffd725eb9dd882baa3968c7526fbfa]: S. 54 power to repeal conferred (22.7.2004) by Finance Act 2004 (c. 12), s. 325

[^key-659e80abd070943865d4d7454d22df51]: Words in s. 54(1)(a) repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(1)(a)(i)

[^key-d738c848019cfcd55000b3c4083813f2]: Words in s. 54(1)(a) repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(1)(a)(ii)

[^key-ada7f7e913d67d6061f05807cd1e4ac9]: Word in s. 54(1)(a) repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(1)(a)(iii)

[^key-d712b7bba0eb511469df0b0120e864fa]: S. 54(1)(b) repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(1)(b)

[^key-a2bba9b77cd737a535bbebdcb8d0fd45]: Words in Sch. 18 para. 15 repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(4)(a)

[^key-ee44d386a7722c6a518e7c0fdeca231e]: Sch. 18 para. 15(b) repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(4)(b)

[^key-6002c87e0244884cb3df116d871b8062]: Words in Sch. 18 para. 15(d) repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(4)(c)

[^key-db605613510987b8afe748e1e14b7420]: Sch. 18 para. 3 repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(2)

[^key-f378c8c4f2256e4639a2298c4d0cf5a5]: Sch. 18 para. 6 repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(2)

[^key-af1cb3295fccf0637f9eace72ff4bb89]: Sch. 18 para. 10 repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(2)

[^key-79d190efce86403e90fd7a564838e187]: Words in Sch. 18 para. 11 repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(3)

[^key-a3485734388e8ee03aeecd219d10c1d9]: Sch. 18 para. 14 repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(2)

[^key-e4bf62a7c1147d2bcfe3b827d94fd7fa]: Sch. 18 para. 16 repealed (30.9.2004) by Premium Savings Bonds (Amendment etc) Regulations 2004 (S.I. 2004/2353), regs. 1, 2(2)

[^key-f0a9c3dd8e7ec65b513dcdc35fda2c4e]: Pt. IV repealed (21.7.2008) by Statute Law (Repeals) Act 2008 (c. 12), Sch. 1 Pt. 8

[^key-a0536322cb68080dec980b4e77a9606f]: S. 61(7) repealed (21.7.2008) by Statute Law (Repeals) Act 2008 (c. 12), Sch. 1 Pt. 8

[^key-f28dbab61c60e0f649df70cd0190eede]: Sch. 15 repealed (21.7.2008) by Statute Law (Repeals) Act 2008 (c. 12), Sch. 1 Pt. 8

[^key-cf070e0ae4e0b45acb2ed533d3aed351]: Sch. 16 repealed (21.7.2008) by Statute Law (Repeals) Act 2008 (c. 12), Sch. 1 Pt. 8

[^key-6dc0910ca2240d4a2d884c8ae39f2d5f]: Words in Sch. 18 para. 7 repealed (2.11.2010) by Premium Savings Bonds (Amendment etc) Regulations 2010 (S.I. 2010/2479), regs. 1, 14(a)

[^key-ff70af6009b0a7982933920e4aa6a903]: Words in Sch. 18 para. 11 repealed (2.11.2010) by Premium Savings Bonds (Amendment etc) Regulations 2010 (S.I. 2010/2479), regs. 1, 14(b)